NEW DELHI:The National Company Law Tribunal (NCLT) on Wednesday granted a final 60-day extension to the bankrupt Go First airline to complete its corporate insolvency resolution process (CIRP).
This extension, which lasts until August 3, comes amid challenges and legal implications stemming from a Delhi high court ruling that deregistered all leased aircraft held by the airline. Additionally, some resolution plans are also under consideration.
This decision follows a previous extension that expired on 3 June, marking the second time an extension has been granted beyond the prescribed 330 days under the Insolvency and Bankruptcy Code (IBC).
The NCLT emphasized that no further extensions will be granted beyond 3 August, urging the …
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