The National Company Law Tribunal (NCLT) on Monday gave another 60-day extension to Go First to complete its insolvency process.
The recent extension by the NCLT was based on a Supreme Court judgment in the Essar Steel case, allowing extensions under exceptional circumstances.
This is the third extension sought by Go First. The NCLT had, on November 23, 2023, extended the insolvency process of the grounded airline by 90 days.
The extension started on November 6, 2023, and ended on February 4, 2024. Then, Go First had sought an extension from February 4 to April 4, 2024.
