NEW DELHI : Go First on Thursday informed the Delhi High Court that it had exhausted the funds provided by the Committee of Creditors and was dealing with a shortage of manpower and financial constraints. The airline had received interim financing of Rs100 crore from the CoC for service maintenance costs.
The resolution professional (RP) overseeing the bankrupt airlines insolvency also told the court that Go Firsts lessors had been blocking it from reviving its operations by filing petitions seeking the deregistration of its aircraft.
The court has deferred the hearing to 5-7 December. It had concluded hearing the lessors arguments and is currently concluding the RPs arguments.
Go First is battling legal disputes with aircraft less…
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