National Company Law Tribunal Extends Go First’s Corporate Insolvency Resolution Process by 90 Days, extending from November 6 to February 4.
Go first NCLT
On Monday (July 31, 2023), the National Company Law Tribunal (NCLT) issued notices to the Committee of Creditors of Go First and the insolvency regulator IBBI regarding a plea to refund ₹ 597.54 crore to approximately 15.5 lakh passengers who had booked tickets for travel on and after May 3.
the NCLT is scheduled to hear two petitions for insolvency proceedings against Go First (G8), which is currently awaiting a ruling on its voluntary insolvency resolution plea.