The Supreme Court of India On Monday rejected Go First's Resolution Professional's appeal against the Delhi High Court's decision allowing the airline's lessors to inspect the aircraft. The supreme court ruled that it is currently unable to intervene because the cases are being heard by a single judge on a daily basis.
The National Company Law Tribunal asked the RP on Friday to submit details of current developments and to file an additional affidavit in the next 10 days, including the status of the leased aircraft maintenance.

Go First suspended operations on May 3, 2023, and voluntarily requested the beginning of CIRP against the company, owing to technical challenges caused by the non-availability of Pratt & Whitney engines.
Go First's request to begin voluntary insolvency resolution procedures was accepted by the NCLT on May 10. Go First's RP requested NCLT approval last week to repay Rs 597.54 crore to about 15.5 lakh travellers who purchased tickets for travel on and after May 3.
The lenders and insolvency regulator IBBI had received notification of this from the NCLT.
More From GoodReturns

Indane, HP & Bharat Gas Cylinder Booking Rules: OTP Mandatory After LPG Refilling Gap Increased to 25-45 Days

Crash in Gold Rate in India by Rs 71,400 in Single Day; Will Gold Price Today Fall Below Rs 1.50 Lakh? Outlook

Gold & Silver Rates Today Live: MCX Gold Crashes By Rs 5,645, Silver Falls By Rs 16,540; 24K, 22K, 18K Gold

1:5 Split Soon? Vedanta Ltd To Consider 3rd Interim Dividend On March 23, Share Jumps; Record Date & Buy Call

Sleeper Vande Bharat Express New Routes Identified for Long Distance Travel

Gold & Silver Rates Today Live Updates: Will 24 Carat, 22 Carat, 18 Carat See Bullish Week Ahead?

Mega Gold Price Crash Alert! 24K Sinks Rs 1.36 Lakh/100 Gm In Week; Silver Sees Losses | March 23-27 Outlook

Gold & Silver Rates Today Live: MCX Gold Ends Above Rs 1.40 Lakh, Silver Up 1%; 24K, 22K, 18K Gold On March 24

Gold Rate Crashes Over Rs 1 Lakh in Single Day, Slips to Lowest Since January; Will Gold Price Today Decline?

Gold Price Crash May Fuel Jewellery Demand: Why Kalyan Jewellers Share Price Could Shine Despite 5% Dip

Fatal Crash In Gold Rates In India By Rs 1,03,200/100 Gm; Biggest Single-Day Fall In 24K, 22K, 18K Gold Prices



Click it and Unblock the Notifications