National Company Law Tribunal orders liquidation of Go First airline
The National Company Law Tribunal has ordered the liquidation of GoAir (Go First) after unsuccessful attempts to revive the airline under India's bankruptcy laws. Lenders moved for liquidation, and the airline now owes over Rs 6,521 crore to various creditors. D T Veokatasubramanian is appointed as the liquidator, with instructions to dispose of pending applications and recover dues.
The National Company Law Tribunal has ordered the liquidation of GoAir (Go First) after unsuccessful attempts to revive the airline under India's bankruptcy laws. Lenders moved for liquidation, and the airline now owes over Rs 6,521 crore to various creditors. D T Veokatasubramanian is appointed as the liquidator, with instructions to dispose of pending applications and recover dues.
