Go First insolvency: NCLT issues notice in plea by Jackson Aviation
The National Company Law Tribunal (NCLT), on Monday, issued a notice in a plea by one of the lessors of Go First, Jackson Aviation, seeking the status of aircraft whose lease was terminated before the moratorium.
The tribunal directed the insolvency resolution professional (IRP) to file the response within a week.
The case will next be heard on June 15.
Jackson Square Aviation was among several lessors that had raised an alarm after the tribunal gave Go First bankruptcy protection to allow it to revive itself but barred lessors from repossessing planes.
