{"id":6616,"date":"2025-01-20T09:03:00","date_gmt":"2025-01-20T03:33:00","guid":{"rendered":"https:\/\/lawfultalks3.selfst.art\/go-first-airline-nclt-orders-liquidation\/"},"modified":"2026-07-21T17:16:30","modified_gmt":"2026-07-21T11:46:30","slug":"go-first-airline-nclt-orders-liquidation","status":"publish","type":"post","link":"https:\/\/lawfultalks3.selfst.art\/?p=6616","title":{"rendered":"Go First Airline: NCLT Orders Liquidation"},"content":{"rendered":"\n<p style=\"text-align:center\"><span style=\"font-size:16px\"><span style=\"font-family:&quot;Times New Roman&quot;\"><span style=\"font-family:TimesNewRomanPS-BoldItalicMT\"><strong><em>Budget Airline no more<\/em><\/strong><\/span><\/span><\/span><\/p>\n \n \n \n <p style=\"margin-left:0px; margin-right:0px\"><span style=\"font-size:16px\"><span style=\"font-family:&quot;Times New Roman&quot;\"><span style=\"background-color:#ffffff\">The National Company Law Tribunal (NCLT) has ordered the liquidation of Go First Airways.<\/span><\/span><\/span><\/p>\n \n \n \n <p style=\"margin-left:0px; margin-right:0px\"><span style=\"font-size:16px\"><span style=\"font-family:&quot;Times New Roman&quot;\"><span style=\"background-color:#ffffff\">A bench consisting of<\/span><span style=\"font-family:TimesNewRomanPS-BoldMT\"><strong><span style=\"background-color:#ffffff\"> Judicial Member Mahendra Khandelwal <\/span><\/strong><span style=\"background-color:#ffffff\">and<\/span><strong><span style=\"background-color:#ffffff\"> Technical Member Dr. Sanjeev Ranjan<\/span><\/strong><\/span><span style=\"background-color:#ffffff\"> granted approval to the Committee of Creditors&#39; (CoC) of Go First&#39;s application for the liquidation of the bankrupt budget airline. <\/span><\/span><\/span><\/p>\n \n \n \n <p style=\"margin-left:0px; margin-right:0px; text-align:center\"><span style=\"font-size:16px\"><span style=\"font-family:&quot;Times New Roman&quot;\"><span style=\"background-color:#ffffff\"><\/span><\/span><\/span><\/p>\n \n \n \n <p style=\"margin-left:0px; margin-right:0px\"><span style=\"font-size:16px\"><span style=\"font-family:&quot;Times New Roman&quot;\"><span style=\"background-color:#ffffff\">Go First, which filed for insolvency in May 2023, was unable to revive its operations. With no aircraft and no feasible recovery options, the CoC decided to proceed with liquidation in September 2024.<\/span><\/span><\/span><\/p>\n \n \n \n <p style=\"margin-left:0px; margin-right:0px\"><span style=\"font-size:16px\"><span style=\"font-family:&quot;Times New Roman&quot;\"><span style=\"background-color:#ffffff\">Dinkar Venkatasubramanian was appointed as the liquidator.<\/span><\/span><\/span><\/p>\n \n \n \n <p style=\"margin-left:0px; margin-right:0px\"><span style=\"font-size:16px\"><span style=\"font-family:&quot;Times New Roman&quot;\"><span style=\"background-color:#ffffff\">A detailed copy of the order is awaited.<\/span><\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Budget Airline no more The National Company Law Tribunal (NCLT) has ordered the liquidation of Go First Airways. A bench consisting of Judicial Member Mahendra Khandelwal and Technical Member Dr. Sanjeev Ranjan granted approval to the Committee of Creditors&#39; (CoC) of Go First&#39;s application for the liquidation of the bankrupt budget airline. Go First, which [&hellip;]<\/p>\n","protected":false},"author":92,"featured_media":8090,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[4],"tags":[],"class_list":["post-6616","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rajiv-on-point"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.5 (Yoast SEO v28.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Go First Airline: NCLT Orders Liquidation - Lawful Talks<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Go First Airline: NCLT Orders Liquidation\" \/>\n<meta property=\"og:description\" content=\"Budget Airline no more The National Company Law Tribunal (NCLT) has ordered the liquidation of Go First Airways. A bench consisting of Judicial Member Mahendra Khandelwal and Technical Member Dr. Sanjeev Ranjan granted approval to the Committee of Creditors&#039; (CoC) of Go First&#039;s application for the liquidation of the bankrupt budget airline. 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