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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 ...

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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
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