NCLT to pass order on Go First’s insolvency plea on May 10

The National Company Law Tribunal (NCLT) will pass its order on Wednesday on crisis-hit airline Go First’s plea for voluntary insolvency resolution proceedings.

The two-member bench comprising President Justice Ramalingam Sudhakar and L N Gupta would pronounce the order on Wednesday morning, according to the tribunal’s cause list for Wednesday.

Besides, the bench would decide on Go First’s plea seeking an interim moratorium on its financial obligations.