Bankrupt airlines Go First got a final 60-day extension from the National Company Law Tribunal (NCLT) on Wednesday to complete its corporate insolvency resolution process (CIRP).
This extension will last till August 3.
The lenders of the airline include the Bank of Baroda, the Central Bank of India, and IDBI Bank.
The NCLT had on April 8 extended the deadline by 60 days to June 3. Before this extension, the deadline was April 4. This is the fourth and final extension for the airline.
The tribunal told the airlines Committee of Creditors (CoC) and the resolution professional to adhere strictly to the deadline, saying that no further extension will be granted.
CoC is a committee …
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