Exploring settlement with logistics company Delhivery: Go First tells NCLT

Go First on Monday informed the National Company Law Tribunal (NCLT) Delhi that it was exploring a settlement with logistics company Delhivery.

The matter will now be heard in the third week of August.

Delhivery, in its petition, said that the insolvent airline received over Rs 1.58 crore from it for providing domestic cargo consignment services but the airline never acted on it. The company said the money was paid in accordance with the 2020 agreement between both companies. The agreement was last renewed on August 4, 2022, and extended up to February 16, 2023.

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