News > Go Air lenders expect recovery in H1FY26, collateral assessment underway
Go Air lenders expect recovery in H1FY26, collateral assessment underway

Business Standard | 22/01/2025 08:13 PM | Click to read full article
The airline's dues amount to approximately Rs 6,200 crore. On January 21, the NCLT ordered the liquidation of the low-cost carrier at the request of its Committee of Creditors (CoC), bringing an end to the 20-month-long insolvency proceedings. The CoC collectively decides the resolution of a borrower's debt. A senior public sector executive stated that due diligence on collateral, including a land parcel in Thane, Maharashtra, is underway.