Mumbai (Maharashtra)/ New Delhi [India], August 2: Cyril Amarchand Mangaldas acted as legal counsel for Resolution Professional (RP) and Monitoring Committee of Sharon Bio-Medicine Limited in the corporate insolvency resolution process (CIRP) of Sharon Bio-Medicine Limited (Sharon), a listed
"Due to operational reasons, Go First flights until 31st July 2023 are cancelled. We apologise for the inconvenience caused...," the airline tweeted on Sunday.
On May 2, Go First cancelled its flights and filed for voluntary bankruptcy before the National Company Law Tribunal (NCLT), alleging delays on the part of a US-based engine maker, Pratt & Whitney, for its inability to promptly meet obligations -- leading to the grounding of a portion
On May 2, Go First cancelled its flights and filed for voluntary bankruptcy before the National Company Law Tribunal (NCLT), alleging delays on the part of a US-based engine maker, Pratt & Whitney, for its inability to promptly meet obligations -- leading to the grounding of a portion of
The airline operator filed for voluntary bankruptcy in early May before the National Company Law Tribunal (NCLT), alleging delays on the part of a US-based engine maker for its inability to promptly meet obligations - leading to the grounding of a portion of its fleet.
On Monday, the National Company Law Tribunal (NCLT) decided to hear the cases via virtual mode and not in physical mode due to waterlogging in the building.
Pratt & Whitney on Thursday said it respects the Interim Arbitration ruling of a Singapore court, directing the US-based engine maker to send five engines every month to Go First airlines between August and December, adding that it will comply with the same.
The airline operator filed for voluntary bankruptcy in early May before the National Company Law Tribunal (NCLT), alleging delays on the part of a US-based engine maker for its inability to promptly meet obligations - leading to the grounding of a portion of its fleet.
The National Company Law Appellate Tribunal (NCLAT) on Monday upheld the National Company Law Tribunal (NCLT) order which had admitted Go First Airlines' voluntary plea for insolvency
On Wednesday, the NCLT admitted Go First's plea for voluntary insolvency and admitted for the initiation of Corporate Insolvency Resolution Process (CIRP) proceedings. NCLT has granted Go First protection under a moratorium from recovery by lessors and lenders.
Go First CEO Kaushik Khona met DGCA officials right after the National Company Law Tribunal (NCLT) in its judgement on Wednesday admitted the plea of Go First Airlines for insolvency proceedings.