NCLT orders liquidation of Go First airline: Reports – Deccan Herald
NCLT orders liquidation of Go First airline: Reports Deccan Herald Read the original article here
Bankrupt airline Go First’s liquidation plea approved by law tribunal
The National Company Law Tribunal (NCLT) has ordered the liquidation of Go First airline, according to multiple media reports. A NCLT bench, led by Judicial Member Mahendra Khandelwal and Technical Member Dr Sanjeev Ranjan, granted the liquidation petition filed by the airline’s Committee of Creditors, reported Bar and Bench. Go First’s lenders decided to liquidate…
Bankrupt airline Go First’s liquidation plea approved by law tribunal
Go First’s lenders decided to liquidate the bankrupt budget carrier’s assets in August of last year after rejecting bids by interest suitors. Go First will be the second airline which will go through the liquidation process. Subscribe to Notifications The National Company Law Tribunal (NCLT) has ordered the liquidation of Go First Airways, according to…
NCLT orders liquidation of Go First airline
The tail fins of Go First airline, formerly known as GoAir, passenger aircrafts are seen parked on the tarmac at the airport in New Delhi, India, May 11, 2023. | Photo Credit: Reuters The National Company Law Tribunal (NCLT) has ordered the liquidation of Go First Airways after a request from the cash-strapped airline’s lenders.…
India tribunal orders liquidation of Go First airline, CNBC-TV18 reports
(Reuters) – An Indian tribunal has ordered the liquidation of Go First Airways after a request from the cash-strapped airline’s lenders, CNBC-TV18 reported on Monday. Go First Airways did not immediately respond to a Reuters request for comment. In August, Go First’s lenders had decided to liquidate the company’s assets after rejecting bids by interested…
NCLT orders liquidation of budget carrier Go First
The National Company Law Tribunal (NCLT) on Monday ordered the liquidation of Go First Airways, reported Bar and Bench. A bench comprising Judicial Member Mahendra Khandelwal and Technical Member Dr. Sanjeev Ranjan allowed an application filed by the Committee of Creditors (CoC) seeking the airline’s liquidation. “Liquidation is ordered,” the bench was quoted as saying.…
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India Foulston | Restructuring & Insolvency | Manchester
India is an Associate in the Restructuring & Insolvency department, based in our Manchester office. India deals with all aspects of corporate insolvency, advising national and regional insolvency practitioners, company directors and creditors, on both non-contentious and contentious insolvency issues. This includes experience in assisting with the administration appointment and extension process, business and asset…
Hong Kong court adjourns Country Garden liquidation-petition case until May 26
Justice Linda Chan adjourned the case until May 26 after hearing a petition from Ever Credit, a unit of Hong Kong-listed Kingboard Holdings, which makes laminates and chemicals. At the hearing, Ever Credit asked the judge to grant an immediate liquidation order, while another creditor requested a four-week adjournment. Country Garden’s lawyer, Jose-Antonio Maurellet, told…