{"id":592865,"date":"2023-07-24T09:35:45","date_gmt":"2023-07-24T04:05:45","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=592865"},"modified":"2023-07-24T09:50:40","modified_gmt":"2023-07-24T04:20:40","slug":"go-first-gets-claims-worth-2-9-billion-from-creditors","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/go-first-gets-claims-worth-2-9-billion-from-creditors\/","title":{"rendered":"Go First gets claims worth $2.9 billion from creditors"},"content":{"rendered":"<p>Go Airlines (India) Ltd has received claims worth 240 billion rupees ($2.9 billion) from operational and financial creditors so far as part of the carrier&#8217;s ongoing insolvency, two banking sources told Reuters.<\/p>\n<p>The process is in line with procedural requirements under Indian law which allow every creditor a right to payment and remedy by submitting claims if a company is under bankruptcy. Once the claims are filed, the resolution professional has to check its authenticity.<\/p>\n<p>&#8220;Claims from the lenders are around 50 billion rupees, while lessors&#8217; claims amount to 180 billion rupees so far,&#8221; a banker with a state-run bank, who has exposure to Go Airlines said, after a meeting of the committee of creditors on Friday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Go Airlines (India) Ltd has received claims worth 240 billion rupees ($2.9 billion) from operational and financial creditors so far as part of the carrier&#8217;s ongoing insolvency, two banking sources told Reuters. The process is in line with procedural requirements under Indian law which allow every creditor a right to payment and remedy by submitting claims if a company is under bankruptcy. Once the claims are filed, the resolution professional has to check its authenticity. &#8220;Claims from the lenders are around 50 billion rupees, while lessors&#8217; claims amount to 180 billion rupees so far,&#8221; a banker with a state-run bank, [&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-592865","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\/592865","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=592865"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/592865\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=592865"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=592865"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=592865"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}