The National Company Law Appellate Tribunal (NCLAT) is set to deliver its verdict on May 22 regarding the petitions filed by three aircraft lessors against Go First’s voluntary insolvency resolution proceedings.
Stakeholders eagerly await the decision of the NCLAT, which will have far-reaching implications for Go First and its lessors.
The two-member bench, led by Chairperson Justice Ashok Bhushan, earlier concluded the hearing and reserved its order while requesting the submission of any additional documents within the next 48 hours.
The tribunal heard a series of petitions filed by SMBC Aviation Capital Ltd, GY Aviation, and SFV Aircraft Holdings, all of whom have leased approximately 21 aircraft to Go First.
During the proceed…
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