{"id":574326,"date":"2023-05-04T09:17:45","date_gmt":"2023-05-04T03:47:45","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=574326"},"modified":"2023-05-04T09:43:32","modified_gmt":"2023-05-04T04:13:32","slug":"no-frills-carrier-go-first-extends-booking-hold-up-nclt-plea-today","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/no-frills-carrier-go-first-extends-booking-hold-up-nclt-plea-today\/","title":{"rendered":"No-frills carrier Go First extends booking hold-up; NCLT plea today"},"content":{"rendered":"<p>No-frills carrier Go First stopped fresh bookings for its flights till May 15, even as it pressed on Wednesday for an urgent hearing of its insolvency application. The National Company Law Tribunal (NCLT) will hear the plea on Thursday. <\/p>\n<p>The airline\u2019s decision to voluntarily declare insolvency caught its lenders off guard and senior bankers got into a huddle on Wednesday to plan the next course of action. A lender on condition of anonymity said that the meeting was inconclusive and would continue on Thursday. <\/p>\n<p>The lenders on Wednesday discussed the issue of limited communication from the airline on \u201csuch a crucial decision (going for insolvency resolution)\u201d.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>No-frills carrier Go First stopped fresh bookings for its flights till May 15, even as it pressed on Wednesday for an urgent hearing of its insolvency application. The National Company Law Tribunal (NCLT) will hear the plea on Thursday. The airline\u2019s decision to voluntarily declare insolvency caught its lenders off guard and senior bankers got into a huddle on Wednesday to plan the next course of action. A lender on condition of anonymity said that the meeting was inconclusive and would continue on Thursday. The lenders on Wednesday discussed the issue of limited communication from the airline on \u201csuch a [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-574326","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/574326","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=574326"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/574326\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=574326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=574326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=574326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}