Page 28 - Resolution Professional News Today

After the Delhi High Court permitted aircraft lessors to conduct inspections and maintenance on aircraft leased to Go First Airlines, the airline's Resolution Professional (RP) has filed an appeal challenging the order.Senior Advocate Sandeep ...

The applications are likely to be heard on August 4

The homebuyers also sought the dismissal of a plea by the Resolution Professional (RP) for approval for COC-approved resolution.

On May 10, the principal bench of NCLT at Delhi admitted Go Firsts voluntary plea to initiate an insolvency resolution process.

The order of July 5 said that the NCLT does not have the power of judicial review over administrative action

Go First Airline, which stopped flying from May 3, has further extended the cancellation of its flights July 10, 2023.

The budget airline on 4 May had moved National Company Law Tribunal (NCLT), seeking protection under bankruptcy law. It had also sought an interim moratorium to prevent the seizure of its 26 aircraft by aircraft lessors, , Go First airlines, high court, insolvency resolution, delhi high court

Aviation regulator DGCA on Tuesday started the special audit of the facilities of Go First, which has sought approval for restarting operations. A team of officials from the Directorate General of Civil Aviation (DGCA) started the special audit of the facilities of Go First in Mumbai on Tuesday, according to an airline executive. The audit of the facilities will be done on Wednesday also.

Aviation regulator DGCA on Tuesday started the special audit of the facilities of Go First, which has sought approval for restarting operations.

The airline, which is undergoing an insolvency resolution process, stopped flying on May 3 and since then, it has extended the cancellation of flights multiple times