{"id":574841,"date":"2023-05-06T10:25:13","date_gmt":"2023-05-06T04:55:13","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=574841"},"modified":"2023-05-06T12:04:16","modified_gmt":"2023-05-06T06:34:16","slug":"nclt-reserves-order-on-go-firsts-plea-for-insolvency-resolution-proceedings","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/nclt-reserves-order-on-go-firsts-plea-for-insolvency-resolution-proceedings\/","title":{"rendered":"NCLT reserves order on Go First&#8217;s plea for insolvency resolution proceedings"},"content":{"rendered":"<p>The National Company Law Tribunal (NCLT) on Thursday reserved its order on crisis-hit airline Go First&#8217;s plea seeking voluntary insolvency resolution proceedings.<\/p>\n<p>A two-member bench headed by President Justice Ramalingam Sudhakar concluded the day-long hearing during which the Wadia group-controlled airline sought initiation of insolvency resolution proceedings and an interim moratorium on its financial obligations.<\/p>\n<p>However, aircraft lessors opposed the airline&#8217;s request saying that insolvency proceedings cannot be initiated without hearing them.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The National Company Law Tribunal (NCLT) on Thursday reserved its order on crisis-hit airline Go First&#8217;s plea seeking voluntary insolvency resolution proceedings. A two-member bench headed by President Justice Ramalingam Sudhakar concluded the day-long hearing during which the Wadia group-controlled airline sought initiation of insolvency resolution proceedings and an interim moratorium on its financial obligations. However, aircraft lessors opposed the airline&#8217;s request saying that insolvency proceedings cannot be initiated without hearing them.<\/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":[176,146,130],"tags":[],"class_list":["post-574841","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-deccan-herald-newspapers","category-deccan-herald-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/574841","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=574841"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/574841\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=574841"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=574841"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=574841"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}