{"id":576262,"date":"2023-05-12T09:58:07","date_gmt":"2023-05-12T04:28:07","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=576262"},"modified":"2023-05-12T10:37:40","modified_gmt":"2023-05-12T05:07:40","slug":"go-first-will-need-to-raise-funds-resolution-professional","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/go-first-will-need-to-raise-funds-resolution-professional\/","title":{"rendered":"Go First will need to raise funds: Resolution professional"},"content":{"rendered":"<p>Go First will need to raise funds to continue as a going concern, its newly appointed resolution professional informed staff on Thursday, according to a source with direct knowledge of the matter.<\/p>\n<p>The low-cost carrier was granted bankruptcy protection on Wednesday by a tribunal in New Delhi that appointed Abhilash Lal of Alvarez &amp; Marsal as its interim resolution professional.<\/p>\n<p>&#8220;We&#8217;re working on a very tight schedule, we have to get the business back running&#8230; We have to raise the funds to do it,&#8221; the source quoted Lal as telling employees in a virtual townhall meeting.<\/p>\n<p>The source was not authorised to speak to media and declined to be identified. Go First did not immediately respond to a request for comment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Go First will need to raise funds to continue as a going concern, its newly appointed resolution professional informed staff on Thursday, according to a source with direct knowledge of the matter. The low-cost carrier was granted bankruptcy protection on Wednesday by a tribunal in New Delhi that appointed Abhilash Lal of Alvarez &amp; Marsal as its interim resolution professional. &#8220;We&#8217;re working on a very tight schedule, we have to get the business back running&#8230; We have to raise the funds to do it,&#8221; the source quoted Lal as telling employees in a virtual townhall meeting. The source was not [&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":[176,146,130],"tags":[],"class_list":["post-576262","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\/576262","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=576262"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/576262\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=576262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=576262"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=576262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}