{"id":33177,"date":"2025-01-20T06:41:57","date_gmt":"2025-01-20T06:41:57","guid":{"rendered":"https:\/\/alertindianews.in\/?p=33177"},"modified":"2025-01-20T06:41:57","modified_gmt":"2025-01-20T06:41:57","slug":"law-tribunal-orders-liquidation-of-go-first-airline-report","status":"publish","type":"post","link":"https:\/\/alertindianews.in\/?p=33177","title":{"rendered":"Law Tribunal Orders Liquidation Of Go First Airline: Report"},"content":{"rendered":"

An Indian tribunal has ordered the liquidation of Go First Airways after a request from the cash-strapped airline’s lenders, CNBC-TV18 reported on Monday.<\/p>\n

Go First Airways did not immediately respond to a Reuters request for comment.<\/p>\n

In August, Go First’s lenders had decided to liquidate the company’s assets after rejecting bids by interested suitors to revive the bankrupt airline, Reuters had reported, citing sources.<\/p>\n

Go First had filed for bankruptcy in May last year and received two financial bids under the bankruptcy process, with one of them raising their offer after a push by lenders.<\/p>\n

The budget carrier owes a total of 65.21 billion rupees ($781.14 million) to its creditors, which include Central Bank of India, Bank of Baroda, IDBI Bank and Deutsche Bank.<\/p>\n

Foreign aircraft lessors of Go First were locked in a tussle with the company after they were blocked from repossessing planes due to a moratorium imposed by Indian courts. However, a local court, in April, allowed them to take back their planes.<\/p>\n

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)<\/i><\/p>\n

\u200bAn Indian tribunal has ordered the liquidation of Go First Airways after a request from the cash-strapped airline’s lenders, a report said.\u00a0\u00a0<\/p>","protected":false},"excerpt":{"rendered":"

An Indian tribunal has ordered the liquidation of Go First Airways after a request from the cash-strapped airline’s<\/p>\n","protected":false},"author":0,"featured_media":33178,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-33177","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t