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NCLAT dismisses plea by Go Airlines challenging withdrawal of insolvency proceedings against Sovika Aviation

Go Airlines had approached the NCLAT against an order of NCLT allowing a Section 12A application to withdraw the insolvency proceedings against Sovika based on a resolution of the Committee of Creditors.
NCLAT
NCLAT
Satyendra Wankhade

The National Company Law Appellate Tribunal (NCLAT) last week rejected a plea by Go Airlines challenging an order of the National Company Law Tribunal (NCLT) Mumbai permitting withdrawal of insolvency proceedings against Sovika Aviation Services [Go Airlines (India) Ltd. v. Sovika Aviation Pvt Ltd & Ors].

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National Company Law Tribunal
National Company Law Appellate Tribunal
CIRP
Insolvency and Bankrupcy Code
Go Airlines
Sovika Aviation

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