The National Company Law Tribunal (NCLT) on Thursday will hear cash-strapped air carrier Go First’s voluntary insolvency resolution plea.
The petition for initiation of voluntary insolvency resolution proceedings was mentioned before the Delhi Bench headed by president Justice Ramalingam Sudhakar.
The Bench has agreed to an urgent hearing and directed to list the matter on Thursday for hearing.
The Wadia Group-owned carrier has moved the NCLT, Delhi, seeking voluntary insolvency resolution proceedings.
Section 10 of the Insolvency & Bankruptcy Code allows a debtor to initiate an insolvency resolution process against itself if it has committed any default.
