Go First may face liquidation votes amid lack of bidders – A report
Go First is on the verge of a significant step as lenders prepare to vote on a proposal for liquidation. Two banking sources disclosed to Reuters that the lack of bidders following the bid deadline has prompted this crucial move.
With no apparent interest from potential suitors and the bid deadline passing without any takers, individual lenders are now weighing the option of liquidating Go First. The proposal is set to undergo a voting process within the next 10-15 days, as revealed by a banker from a state-run bank with exposure to Go First.
