NCLT reserves order on Go First’s plea seeking interim moratorium
The National Company Law Tribunal (NCLT) on Thursday reserved its order on crisis-hit airline Go First’s plea seeking initiation of voluntary insolvency resolution proceedings and an interim moratorium on its financial obligations.
Meanwhile, the low-cost carrier has cancelled all its flights till May 9, extending the suspension of operations by four days beyond the initial three-day period. The budget carrier is also not taking new bookings till May 15.
Go First said it was cancelling the flights till May 9 due to operational reasons, adding that a full refund will be issued to the affected passengers. The Directorate General of Civil Aviation (DGCA) has asked the airline to process refunds to passengers as per timelines stipulated in the regulations.
