{"id":619082,"date":"2023-11-24T11:08:11","date_gmt":"2023-11-24T05:38:11","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=619082"},"modified":"2023-11-24T11:08:11","modified_gmt":"2023-11-24T05:38:11","slug":"go-first-lenders-to-vote-on-liquidation","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/go-first-lenders-to-vote-on-liquidation\/","title":{"rendered":"Go First lenders to vote on liquidation"},"content":{"rendered":"<p>MUMBAI: Go First&#8217;s lenders will vote on a proposal to liquidate the insolvent Indian airline, two banking sources said on Thursday, days after a deadline to bid for the company ended with no suitors. &#8220;The proposal whether or not to liquidate the airline has been floated and individual lenders will take the proposal to their boards and submit final votes in 10-15 days,&#8221; said a banker with a state-run bank that has exposure to Go First.<\/p>\n<p>&#8220;It appears that there is no interest from suitors for the airline and bankers are inclined to opt for liquidation rather than restarting the insolvencyprocess.&#8221; The committee of creditors met on Wednesday and Thursday to decide the future course of action for the airline.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI: Go First&#8217;s lenders will vote on a proposal to liquidate the insolvent Indian airline, two banking sources said on Thursday, days after a deadline to bid for the company ended with no suitors. &#8220;The proposal whether or not to liquidate the airline has been floated and individual lenders will take the proposal to their boards and submit final votes in 10-15 days,&#8221; said a banker with a state-run bank that has exposure to Go First. &#8220;It appears that there is no interest from suitors for the airline and bankers are inclined to opt for liquidation rather than restarting the [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[220,130,137],"tags":[],"class_list":["post-619082","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-times-of-india","category-newspapers","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/619082","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=619082"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/619082\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=619082"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=619082"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=619082"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}