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

EntertainmentAjith Kumar Injured in Fan Frenzy After Padma Bhushan Award Ceremony, Actor Hospitalized In Chennai

InternationalColorado Nightclub Raid: Over 100 Illegal Immigrants Detain at Underground Nightclub in US; Video Surfaces

MaharashtraOver 10,000 Pakistani Nationals Traced in Maharashtra and Delhi Post-Palgham Terror Attack

BusinessGlobal Tech Firms Eye India for Manufacturing Amid US-China Tensions

InternationalIllinois Plane Crash: 4 Killed After Cessna C180G Aircraft Goes Down After Hitting Power Lines in Trilla

International Realted Stories

InternationalFinance Minister Sitharaman meets ADB President, Italian counterpart; highlights India's DPI success, government initiatives

InternationalIndia strongly objects to Khalistani imagery, language in Toronto parade: Sources

InternationalDenmark breaks ground on major carbon storage terminal

InternationalSouth Korea: Ex-PM Han proposes meeting with Presidential candidate Kim

InternationalSouth African President calls for collective action to protect workers' rights