x

NCLT admits Go First’ plea to initiate insolvency resolution, orders no sacking of employees

Shortpedia

Content Team
Image Credit: livemint

The National Company Law Tribunal (NCLT) on Wednesday admitted Go First's voluntary plea to initiate the insolvency resolution process against the airline. A two-member bench comprising President Justice Ramalingam Sudhakar and L N Gupta also appointed Abhliash Lal as interim resolution professional (IRP) to run the debt-ridden company.