Go First seeks Rs. 100 crore emergency funding from lenders
Shortpedia
Content Team
Image Credit: shortpedia
Go First's resolution professional has requested Rs. 100 crore in emergency funding from its creditor banks to cover essential operational expenses. The appeal was made to the committee of creditors, with banks being asked to contribute based on their voting share. The funds would be used to meet mandatory liabilities like insurance and repairs, which are required to sustain operations.
