NCLAT to pass crucial orders in Go First insolvency case on Monday
The National Company Law Appellate Tribunal(NCLAT) is set to pass orders on the plea by four lessors of Go First against the National Company Law Tribunal (NCLT), Delhi order admitting the airline’s insolvency plea.
The order on Monday would decide if lessors are allowed to take possession of the aircraft or if the planes remain under the airline’s control.
Civil Aviation Minister Jyotiraditya Scindia had said on May 18 that the airline’s insolvency matter is “not a great thing for aviation” and the ministry is committed to helping the cash-strapped airline.
