News > NCLT orders liquidation of budget carrier Go First

NCLT orders liquidation of budget carrier Go First

Upstox | 20/01/2025 12:22 PM | Click to read full article

The Wadia Group-operated airline, which filed for insolvency in May 2023, faced challenges, including disputes over aircraft leasing and deregistration. A bench comprising Judicial Member Mahendra Khandelwal and Technical Member Dr. Sanjeev Ranjan allowed an application filed by the Committee of Creditors (CoC) seeking the airline's liquidation. “Liquidation is ordered,” the bench was quoted as saying. The detailed order is awaited.

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