{"id":583791,"date":"2023-06-12T10:54:29","date_gmt":"2023-06-12T05:24:29","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=583791"},"modified":"2023-06-12T12:21:14","modified_gmt":"2023-06-12T06:51:14","slug":"go-first-committee-of-creditors-now-in-place-approval-for-revival-plan-likely-soon","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/go-first-committee-of-creditors-now-in-place-approval-for-revival-plan-likely-soon\/","title":{"rendered":"Go First: Committee of Creditors now in place; approval for revival plan likely soon"},"content":{"rendered":"<p>Lenders of Go First, which is undergoing voluntary insolvency resolution process, have set up the Committee of Creditors (CoC) and a new resolution professional is likely to be appointed early next week, a source said on Friday. Cash-strapped Go First stopped flying from May 3 and now, with the CoC in place, the process for revival of the grounded airline is likely to gain speed.<\/p>\n<p>The source said the deadline for constituting the CoC was June 9.<\/p>\n<p>&#8220;The representatives from all four banks &#8212; Bank of Baroda, Central Bank of India, IDBI and Deutsche Bank &#8212; visited Go First office on Friday and after a meeting, they set up the CoC. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lenders of Go First, which is undergoing voluntary insolvency resolution process, have set up the Committee of Creditors (CoC) and a new resolution professional is likely to be appointed early next week, a source said on Friday. Cash-strapped Go First stopped flying from May 3 and now, with the CoC in place, the process for revival of the grounded airline is likely to gain speed. The source said the deadline for constituting the CoC was June 9. &#8220;The representatives from all four banks &#8212; Bank of Baroda, Central Bank of India, IDBI and Deutsche Bank &#8212; visited Go First office [&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":[192,130,136],"tags":[],"class_list":["post-583791","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/583791","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=583791"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/583791\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=583791"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=583791"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=583791"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}