Go First’s lenders to seek extension of insolvency process by 60 days – sources

MUMBAI: Lenders to India’s Go First are looking to seek an extension of the insolvency process by another 60 days amid interest from potential suitors, two banking sources said.

Under the country’s Insolvency and Bankruptcy Code, the National Company Law Tribunal (NCLT) has the authority to extend the resolution timeframe to a maximum of 330 days.