The insolvency appellate tribunal NCLAT on Friday dismissed a batch of petitions filed against the liquidation of grounded carrier Go First. A three-member NCLAT bench led by Chairperson Justice Ashok Bhushan upheld the earlier order passed by the Delhi bench of the National Company Law Tribunal (NCLT), which had, on January 20, ordered for the airline’s liquidation.
Rejecting the petition by Busy Bee Airways, the National Company Law Appellate Tribunal (NCLAT) said it did not find any infirmity in the order of the Adjudicating Authority.
The order was pronounced in the open court and a detailed order is still awaited.
Busy Bee Airways, Bhartiya…
