Go First asks tribunal to urgently pass order on insolvency plea

Go First on Monday asked the country’s company law tribunal to urgently pass an order on its insolvency plea, citing lessors’ efforts to take back planes.

The beleaguered Wadia Group-led airlines, Go First, on Thursday pleaded to the National Company Law Tribunal (NCLT) here for an interim moratorium after facing an acute cash crunch. The airline has also sought direction to appoint an insolvency resolution process (IRP) for the betterment of Go First.