{"id":575933,"date":"2023-05-11T09:49:24","date_gmt":"2023-05-11T04:19:24","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=575933"},"modified":"2023-05-11T10:16:18","modified_gmt":"2023-05-11T04:46:18","slug":"smbc-aviation-capital-moves-nclat-challenging-nclt-order-allowing-insolvency-go-first","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/smbc-aviation-capital-moves-nclat-challenging-nclt-order-allowing-insolvency-go-first\/","title":{"rendered":"SMBC Aviation Capital moves NCLAT challenging NCLT order allowing insolvency Go First"},"content":{"rendered":"<p>Aircraft lessor SMBC Aviation Capital Ltd on Wednesday moved the appellate tribunal NCLAT against the order passed by the NCLT earlier in the day allowing Go First&#8217;s voluntary plea to initiate insolvency proceedings.<\/p>\n<p>SMBC Aviation Capital, formerly RBS Aviation Capital, is one of the world&#8217;s largest aircraft leasing companies.<\/p>\n<p>Earlier in the day, the Delhi-based principal bench of the National Company Law Tribunal (NCLT) admitted Go First&#8217;s voluntary plea to initiate the insolvency resolution process against the airline. <\/p>\n<p>The tribunal appointed an interim resolution professional (IRP) while suspending the board and putting a moratorium on the debt-ridden company&#8217;s financial obligations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Aircraft lessor SMBC Aviation Capital Ltd on Wednesday moved the appellate tribunal NCLAT against the order passed by the NCLT earlier in the day allowing Go First&#8217;s voluntary plea to initiate insolvency proceedings. SMBC Aviation Capital, formerly RBS Aviation Capital, is one of the world&#8217;s largest aircraft leasing companies. Earlier in the day, the Delhi-based principal bench of the National Company Law Tribunal (NCLT) admitted Go First&#8217;s voluntary plea to initiate the insolvency resolution process against the airline. The tribunal appointed an interim resolution professional (IRP) while suspending the board and putting a moratorium on the debt-ridden company&#8217;s financial obligations.<\/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-575933","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\/575933","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=575933"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/575933\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=575933"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=575933"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=575933"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}