The National Company Law Tribunal (NCLT) has provided a 60-day extension for the completion of the insolvency process of Go First airline. This decision will allow for more time to resolve the financial issues and find a suitable resolution for the company.
Lenders of Go First, a prominent airline in India, are facing the prospect of losing Rs 6,500 crore. This comes as the aviation sector continues to grapple with financial difficulties due to the ongoing pandemic.
