Go First Crisis: Last day Go First announced cancellation of all its dues till May 12 due to operational reasons.
New Delhi:
Go First Crisis: The National Company Law Appellate Tribunal (NCLT) will hear on May 8 two bankruptcy resolution petitions against the airline company Go First. These days the first financial crisis of the Wadia group is coming to the fore. Its company Laker has urged the NCLT to freeze the financial liabilities along with the voluntary insolvency resolution process.
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Earlier on Thursday, after hearing the matter, the NCLT has reserved its order. According to the lawyers, NCLT will hear two insolvency petitions against the airline company.
Let us tell you that in these two petitions, SS Associates Nine Pvt Ltd, which provided transport services for a petition company, has applied, in which a claim of about three crore rupees has been made. While a pilot has filed a second petition. He has claimed to have pocketed more than one crore rupees for his services.
The previous day, GoFirst announced the cancellation of all its stakes till May 12. It company Laker also issued a statement. Which company has said that due to operational reasons the company is suspending its possession till May 12. We apologize for the inconvenience caused to passengers due to this. At the same time, the company also told that the full amount of the ticket will be refunded to the passengers.