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What is GoAir Insolvency Update and Impacts about?

Go Airlines (India) Ltd, known as GoAir, was admitted to insolvency on May 10, 2023, due to a self-admitted default of Rs. 11.03 crores, amidst significant debt and opposition from creditors. The NCLT allowed an extension of the resolution process until February 4, 2024, while the government exempted aircraft objects from the insolvency moratorium, aiming to restore confidence in India

Author

tanuj

Language

EN