NCLT grants 60-day extension to Go First Airlines for insolvency resolution
After Go First exhausted the maximum limit of 330 days on April 4, it approached the Tribunal for an extension under exceptional circumstances.
Source: barandbench.com
Go First Ibc News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from Go First Ibc. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In Go First Ibc Today - Breaking & Trending Today
go first: No saviour flies in for Go First, airline may fly into liquidation
"There are only two options, either liquidation or extend the resolution timeline in the hope of finding a buyer. Lenders are inclined toward liquidation since it is unlikely that this airline will find any buyers due to the legal and operational issues it is facing," said a person familiar with the process.
Source: indiatimes.com
Aviation stocks jump after Go First insolvency announcement; IndiGo soars 6%
Jet Airways was locked in the upper circuit limit today. The stock was trading 5 per cent higher at Rs 60.59 on BSE.
Source: indianexpress.com