{"id":586864,"date":"2023-06-26T09:10:24","date_gmt":"2023-06-26T03:40:24","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=586864"},"modified":"2023-06-26T09:30:21","modified_gmt":"2023-06-26T04:00:21","slug":"lenders-set-to-clear-rs-400-crore-to-bring-go-first-back-on-runway","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/lenders-set-to-clear-rs-400-crore-to-bring-go-first-back-on-runway\/","title":{"rendered":"Lenders set to clear Rs 400 crore to bring Go First back on runway"},"content":{"rendered":"<p>Go First\u2019s lenders have agreed in principle to support the airline\u2019s request for Rs 400 crore interim funding to restart its operations.<\/p>\n<p>The airline temporarily halted operations on May 2, and its insolvency plea was admitted by the National Company Law Tribunal (NCLT) on May 10. On Wednesday, the airline\u2019s resolution professional Shailendra Ajmera submitted a business plan and a request for over Rs 400 crore funding to airline\u2019s committee of creditors (CoC). <\/p>\n<p>The CoC comprises Go First\u2019s lenders \u2014 Bank of Baroda, Central Bank of India, Deutsche Bank, and IDBI Bank \u2014 which collectively have an exposure of over Rs 6,500 crore to the airline. Bank representatives met again on Thursday to discuss the airline\u2019s funding request.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Go First\u2019s lenders have agreed in principle to support the airline\u2019s request for Rs 400 crore interim funding to restart its operations. The airline temporarily halted operations on May 2, and its insolvency plea was admitted by the National Company Law Tribunal (NCLT) on May 10. On Wednesday, the airline\u2019s resolution professional Shailendra Ajmera submitted a business plan and a request for over Rs 400 crore funding to airline\u2019s committee of creditors (CoC). The CoC comprises Go First\u2019s lenders \u2014 Bank of Baroda, Central Bank of India, Deutsche Bank, and IDBI Bank \u2014 which collectively have an exposure of over [&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-586864","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\/586864","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=586864"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/586864\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=586864"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=586864"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=586864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}