NCLAT upholds NCLT order admitting plea by Go First Airlines for initiation of insolvency proceedings

A coram of Chairperson Justice Ashok Bhushan and Member (Technical) Barun Mitra of NCLAT rejected the plea filed by lessors of aircrafts of Go First Airlines to take possession of the aircrafts.
GoAirlines, NCLAT
GoAirlines, NCLAT

The National Company Law Appellate Tribunal (NCLAT) Monday upheld an an order passed by National Company Law Tribunal (NCLT) which had admitted an application by Go First Airlines seeking initiation of voluntary insolvency proceedings.

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