City
Epaper

NCLT to hear Go First's insolvency plea on Thursday

By IANS | Updated: May 3, 2023 22:05 IST

New Delhi, May 3 The National Company Law Tribunal (NCLT) will hear cash-strapped carrier Go First's insolvency plea ...

Open in App

New Delhi, May 3 The National Company Law Tribunal (NCLT) will hear cash-strapped carrier Go First's insolvency plea on Thursday (May 4).

On Tuesday, the airline had said that it has filed for insolvency resolution as it can no longer continue to meet its financial obligations, blaming US company Pratt & Whitney's "faulty engines" for grounding of 50 per cent of its fleet.

Go First had also announced suspension of all its flight operations from May 3 to May 5.

Its CEO Kaushik Khona had confirmed on Tuesday that the airline has filed an application for voluntary insolvency resolution proceedings before the NCLT.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: National Company Law TribunalPratt & whitneyKaushik khonausUs Secretary Of StateNew DelhiUs National Public RadioUs State DepartmentUs ArmyUs Department Of CommerceUs Food And Drug AdministrationUs DefenceUs Justice Department
Open in App

Related Stories

InternationalUS Government Shutdown: US Embassy in India’s X Account to Pause Regular Updates Until Full Operations Resume

CricketIND-W vs AUS-W, 3rd ODI: Australia Women Win Toss, Opt to Bat Against India in Series Decider; Check Playing XIs

CricketWhy Is India Women’s Cricket Team Wearing a Pink Jersey in IND-W vs AUS-W 3rd ODI 2025 Match?

CricketIND-W vs AUS-W 3rd ODI LIVE Cricket Streaming: When and Where to Watch India Women vs Australia Women Final Match

InternationalIndian-Origin Man Beheaded In US In Front Of Family After Violent Dispute

International Realted Stories

International"Weakness in the face of terrorism only brings more terrorism": Netanyahu on Manchester synagogue terror attack

InternationalIndia’s trade stance with US ‘good, disciplined’: Ex-US official

InternationalDays after talks, US top trade official calls India’s approach 'pragmatic'

InternationalPutin calls PM Modi a "wise leader", reaffirms India-Russia "strategic partnership"

InternationalUAE: Nature Guardians Majlis mobilises private sector for nature-positive future