Go First stopped flying from May 3.
A two-member bench headed by Chairperson Justice Ashok Bhushan on Monday reserved its order after finishing the listening to on the the three petitions.
The National Company Law Appellate Tribunal will cross its order on May 22 on petitions filed by three plane lessors towards Go First’s voluntary insolvency decision proceedings.
A two-member bench headed by Chairperson Justice Ashok Bhushan on Monday reserved its order after finishing the listening to on the the three petitions.
The bench additionally requested the events to submit further paperwork, if any, within the subsequent 48 hours.
The appellate tribunal was listening to a batch of petitions filed by SMBC Aviation Capital Ltd, GY Aviation and SFV Aircraft Holdings.
All three lessors have leased out round 21 plane to Go First.
So far this month, a number of lessors have approached aviation regulator DGCA for deregistration and repossession of Go First’s 45 planes.
Go First stopped flying from May 3.
Last week the Delhi-based principal bench of the NCLT appointed an interim decision skilled to take care of the affairs of Go First and likewise suspended its board as a part of the insolvency decision course of.
(This story has not been edited by News18 workers and is printed from a syndicated information company feed)
