Lessors oppose Go First’s insolvency resolution plea; NCLT reserves order

The lessors of Go First aircraft on Thursday opposed the airline’s plea to admit insolvency in the Delhi Bench of the National Company Law Tribunal (NCLT). The tribunal reserved its order after listening to the arguments of both sides for four and a half hours.

Senior advocate Neeraj Kishan Kaul, appearing for Go First, told the tribunal till the filing of its plea, the airline had not defaulted on paying its financial creditors. He said of its 54 aircraft, 26 were operational.

“We are capable of operating these 26 aircraft, and are also capable of paying salaries and dues on fuel, landing, and other things to stay operational,” he said.