NCLT orders liquidation of Go First Airways after insolvency plea, assets to be monetized for creditor settlement.

The Hindu

India

NCLT orders liquidation of Go First airline

In August, Go First's lenders had decided to liquidate the company's assets after rejecting bids by interested suitors to revive the bankrupt airline, Reuters had reported, citing sources

Media Bias/Fact Check

The Hindu Group

An Indian tribunal has ordered the liquidation of Go First Airways after a request from the cash-strapped airline's lenders, CNBC-TV18 reported on Monday. Go First Airways did not immediately respond to a Reuters request for comment. In August, Go First's lenders had decided to liquidate the company's assets after rejecting bids by interested suitors to revive the bankrupt airline, Reuters had reported, citing sources. Go First had filed for ban…

NDTV

Independent Media

Gautam Adani

New Delhi

Delhi Division

Delhi

Law Tribunal Orders Liquidation Of Go First Airline: Report

Get latest articles and stories on India at LatestLY. The National Company Law Tribunal (NCLT) on Monday ordered the liquidation of Go First, the budget carrier that stopped flying nearly three years ago after being bogged down by financial woes.
India News | NCLT Orders Liquidation of Go First.

Latestly

NCLT Orders Liquidation of Go First

The National Company Law Tribunal (NCLT) has ordered the liquidation of the grounded low-cost airline Go First, marking the final chapter in the airline’s financial turmoil. The decision was delivered by an NCLT bench comprising Judicial Member Mahendra

Mathrubhumi

M. P. Veerendra Kumar

Kerala

Tribunal orders liquidation of grounded Go First after liabilities mount to Rs 11000 crore

The National Company Law Tribunal (NCLT) on Monday ordered the liquidation of Go First, marking a dramatic end to the airline's 17-year legacy in the Indian aviation industry. The decision follows the airline's prolonged financial struggles, which led to the suspension of its operations nearly three years ago. In May 2023, Go First filed for insolvency, citing severe financial distress, and subsequently entered into an insolvency resolution proc…

India TV News

Rajat Sharma

NCLT orders liquidation of Go First airline amid ongoing financial crisis

The National Company Law Tribunal on Monday ordered the liquidation of low-cost carrier Go First.The order was pronounced by the Delhi bench of the NCLT, comprising judicial member Mahendra Khandelwal and technical member Sanjeev Ranjan.On May 10, 2023, the NCLT admitted Go First's plea to initiate voluntary insolvency resolution proceedings, following the airline's cessation of operations on May 3.The airline had filed the insolvency applicatio…

NDTV Profit

NCLT Orders Liquidation Of Go First

New Delhi, Jan 19 (PTI) NCLT has directed for the liquidation of debt-ridden Tulip Hotels, as the tribunal failed to receive any bidder during its insolvency resolution process within the prescribed timeline. On May 16, 2023, the NCLT had directed the initiation of a Corporate Insolvency Resolution Process (CIRP) against Tulip Hotels over a plea filed by Yes Bank, claiming a default of Rs 900 crore for two corporate guarantees issued by it. Tuli…

NewsDrum

NCLT directs liquidation of Tulip Hotels as it fails to get bidder within prescribed timeline

New Delhi: The National Company Law Tribunal (NCLT) Monday ordered the liquidation of Go First, the budget carrier that stopped flying nearly two years ago amid financial woes. In May 2023, the airline filed for a voluntary insolvency resolution process. The tribunal, in a 15-page order, said it is ordering the liquidation of the corporate debtor Go Airlines (India) Ltd. On Monday, the NCLT said the Committee of Creditors (CoC) in the legislativ…

Orissa POST

NCLT orders liquidation of Go First; another airline flies into sunset - OrissaPOST

Resolution achieved in overall 450 Days, ending a 15-Year wait for over 750 slum dwellers to receive their homes and rent dues MUMBAI, India , Jan. 16, 2025 /PRNewswire/ — In a landmark ruling, the National Company Law Tribunal (NCLT), Mumbai has approved the resolution plan for RITE BUILTEC PRIVATE LIMITED, having an SRA (Slum Rehabilitation […]

ADKhabar

NCLT Approves Resolution Plan for RITE BUILTEC PRIVATE LIMITED

The government-established National Company Law Tribunal (NCLT) in India has ordered the liquidation of the formerly operating low-cost carrier Go First.  According to CNBC-TV18, the NCLT judiciary member Mahendra Khandelwal and Technical Member Sanjeev Ranjan, approved a liquidation application on January 20, 2024, presented by Go First’s Committee of Creditors (CoC).  In September 2024, the airline’s CoC voted in favor of liquidation after Go …

NCLT orders Go First liquidation

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