The Resolution Professional (RP) has verified that, despite receiving an expression of interest from Jindal, no resolution plan has been received. This extended period concludes on February 4.
The National Company Law Tribunal (NCLT), on November 23, extended the Corporate Insolvency Resolution Process (CIRP) of the grounded airline Go First by 90 days.
The 90-day extension commences on November 6 this year and ends on February 4, 2024. The NCLT directed that the resolution plan be completed within the stipulated period of time. Furthermore, the tribunal dismissed the objections by the airline’s lessor for the extension.
Go First’s Resolution Professional (RP) told the tribunal that there is one prospective bidder for the airline,…
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