Busy Bee Airways Pvt Ltd, a company backed by EaseMyTrip co-founder Nishant Pitti and unsuccessful bidder for Go First (Mumbai International), is challenging the January 20 National Company Law Tribunal ruling allowing the liquidation of the low-cost carrier.
As reported by CNBCTV 18, Busy Bee’s counsel, Apoorv Aggarwal, argues his client should be allowed to submit a new resolution plan and that it was in the national interest to revive Go First. He said allowing the liquidation to proceed would reduce competition and adversely impact Indian consumers. Aggarwal also said the administrator, referred to locally as the resolution professional, had failed to furnish his client with detailed…
