Go First lenders select EY-backed Ajmera as RP

Bankers have selected EY-backed Shailendra Ajmera as the resolution professional for Go Airlines (India), which operates ultra-low-cost airline Go First.

Ajmera’s selection is subject to approval from the National Company Law Tribunal (NCLT).

The selection was communicated at a meeting of the committee of creditors of Go First on Friday.

If approved by NCLT, Ajmera will replace an interim resolution professional who is currently running the company and was originally recommended by Go First’s former management, according to sources aware of the matter.