National Company Law Tribunal, New Delhi: In an application file seeking initiation of liquidation proceeding of Go Airlines (India) Limited under Section 33(2) of Insolvency and Bankruptcy Code, 2016 (IBC) based on CoC resolution, a Division bench of Mahendra Khandelwal* (Judicial Member) and Dr. Sanjeev Ranjan (Technical Member), allowed the liquidation of Go Airlines (India) Limited (Corporate Debtor).
In the instant matter, the Corporate Insolvency Resolution Process (CIRP) for Go Airlines (India) Limited (Corporate Debtor) was initiated on 10-05-2023 under Section 10 of IBC. Initially, an Interim Resolution Professional (IRP) was appointed but later replaced by current Resolution Professional (RP) on 15-06-2023.
The Committee of…
