Aviation Top Stories

Go First resolution professional seeks NCLT permission to issue ticket refund

Go First has approached the National Company Law Tribunal (NCLT) seeking permission to refund money to passengers who had booked their tickets for travel on and after May 3, the day when the airline suspended operations.

The Resolution professional of Go First has filed a new application before the Delhi bench of NCLT, requesting “to permit the applicant/CD to make payment of refund to passengers of the CD whose airline tickets have been cancelled since May 3, 2023.”

Applicant here refers to resolution professional and CD refers to corporate debtor or Go First.

The application is scheduled to be heard by an NCLT bench comprising Mahendra Khandelwal and Rahul P Bhatnagar today.

If permitted by the insolvency tribunal, this would be a significant relief for those air passengers, whose money is stuck with the Go First after the initiation of the Corporate Insolvency Resolution Process (CIRP) against the air carrier.

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