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NCLT issues notice to Go First’s creditors, IBBI over ticket refunds

By TBM Staff - Mumbai Tuesday, 1 August 2023, 11:30 AM 989

The National Company Law Tribunal (NCLT) on Monday issued notices to the Committee of Creditors of Go First and insolvency regulator IBBI over a plea to refund INR 597.54 crore to around 15.5 lakh passengers who booked tickets for travel on and after May 3. The resolution professional (RP) of Go First, which suspended operations […]Continue Reading

Aviation Top Stories

NCLT allows Go First to use leased aircraft

By TBM Staff - Mumbai Thursday, 27 July 2023, 10:30 AM 674

The National Company Law Tribunal (NCLT) yesterday refused to restrain the resolution professional of Go First from using the aircraft leased to it by six leasing companies. A bench of judicial member Mahendra Khandelwal and technical member Rahul Bhatnagar was approached by the aircraft leasing companies seeking an order to restrain Go First from commercially […]Continue Reading