Banks are planning to conduct a forensic audit of the accounts of cash-strapped Go First Airlines, which has filed for bankruptcy protection, to assess if there was any diversion of funds.
The airline, promoted by the Wadias, had voluntarily filed for insolvency resolution proceedings before the Delhi bench of the National Company Law Tribunal (NCLT) on May 2, which was admitted by the tribunal on May 10.
On June 15, NCLT granted approval to the Committee of Creditors (CoC) for the appointment of Shailendra Ajmera of EY as the resolution professional (RP) for the debt-ridden airline. Earlier, the NCLT had appointed Alvarez and Marsal-backed Abhilash Lal as the interim resolution professional (IRP) on the recommendation of the airline.
