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Go First crisis: Go First owes a total of $780.88 million to its creditors that include Central Bank of India, Bank of Baroda, IDBI Bank and Deutsche Bank.
“DGCA shall forthwith and not later than five working days process the deregistration applications filed by the 54 aircrafts,” the court said.
Go First crisis: The company was floated in December and is being led by Sachin Naik, a former employee in Go First’s finance department.
Go First crisis: Nusli Wadia said that despite being poised for revival the airline could not revive due to several legal interventions.
The resolution professional (RP) who is managing Go First’s corporate insolvency resolution process (CIRP) Shailendra Ajmera received requests from these three entities in the past 10 days to conduct due diligence.