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Go First resolution process: The airline's resolution professional had sought an extension of the deadline to complete the corporate insolvency resolution process (CIRP).
The development comes around a month-and-a-half after AWG had upgraded India's rating to
India was initially put on the watchlist in May and assigned a negative outlook for the failure of the lessors to repossess their planes before the freeze on Go First’s assets.
The NCLT on Tuesday addressed a series of applications from Go First's aircraft and engine lessors who sought exemption from the moratorium.
Maruti Suzuki Jimny launch, Nifty outlook among Top Stories on 5th June: Multibagger Hardwyn India stock split, NCLT hearing for Go First lessors and World Environment Day also in focus.