The tribunal directed that the resolution plan be completed within the stipulated period of time. It 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, but they had not submitted the resolution plan till the November 21 deadline.
He further said the committee of creditors (CoC) is now reconsidering the next course of action. The RP told the NCLT that the CoC has passed a resolution for seeking this extension by 100% votes.
This story is from the November 24, 2023 edition of Financial Express Mumbai.
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This story is from the November 24, 2023 edition of Financial Express Mumbai.
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