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The former Resolution Professional of Aircel entities has requested the Supreme Court's permission to sell the right to use spectrum on an interim basis in order to prevent a decline in its value. The professional stated that the limited term of the spectrum would result in a deterioration of its commercial use. The proposed sale would involve keeping the proceeds in an interest-bearing escrow account.

Go First's lessor DAE has inspected the aircrafts on three occasions in July and August 2023, and noticed that the aircrafts were in

Delhi HC issued notices to Go First's Resolution Professional and DGCA over inadequate aircraft maintenance by lessors. Court to issue guidelines on maintenance on 19 Sept.

The Supreme Court on Monday said that admitting claims after the Resolution Plan has been accepted by the Committee of Creditors (COC) under Insolvency and Bankruptcy Code, 2016 (IBC) even though the...

Arguing at the National Company Law Tribunal, the Resolution Professional noted that Go First had received communications terminating the leases after May 2, the date on which the airline announced its plan to enter voluntary insolvency