{"id":583678,"date":"2023-06-12T09:58:24","date_gmt":"2023-06-12T04:28:24","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=583678"},"modified":"2023-06-12T10:35:12","modified_gmt":"2023-06-12T05:05:12","slug":"go-first-lenders-discuss-revival-plan-appoints-new-resolution-professional","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/go-first-lenders-discuss-revival-plan-appoints-new-resolution-professional\/","title":{"rendered":"Go First lenders discuss revival plan; appoints new resolution professional"},"content":{"rendered":"<p>Go First\u2019s lenders on Friday discussed the grounded airline\u2019s revival plan and appointed Shailendra Ajmera, of consultancy EY, resolution professional.<\/p>\n<p>Go First had declared insolvency on May 2 owing to a cash crunch and its application was admitted by the National Company Law Tribunal (NCLT) on May 10. <\/p>\n<p>The tribunal had confirmed Abhilash Lal of Alvarez &amp; Marsal as interim resolution professional. <\/p>\n<p>The lenders, however, opted for a new resolution professional because Lal had been selected by the Go First management. They also selected a resolution process advisor and legal counsel for the committee. All the resolutions were approved with a hundred per cent vote, it is learnt.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Go First\u2019s lenders on Friday discussed the grounded airline\u2019s revival plan and appointed Shailendra Ajmera, of consultancy EY, resolution professional. Go First had declared insolvency on May 2 owing to a cash crunch and its application was admitted by the National Company Law Tribunal (NCLT) on May 10. The tribunal had confirmed Abhilash Lal of Alvarez &amp; Marsal as interim resolution professional. The lenders, however, opted for a new resolution professional because Lal had been selected by the Go First management. They also selected a resolution process advisor and legal counsel for the committee. All the resolutions were approved with [&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-583678","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\/583678","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=583678"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/583678\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=583678"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=583678"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=583678"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}