Go first: NCLT orders Go First's

NCLT orders Go First's liquidation in absence of a viable resolution plan The airline owes approximately ₹ 6,200 crore to creditors, with significant claims from the Central Bank of India ... Go Airlines All Rights Reserved. The NCLT has ordered the liquidation of debt-ridden Go First after the grounded airline failed to secure a viable resolution plan. The Committee of Creditors filed for liquidation in Sept 2024, with judgment reserved in Dec. Lenders have set a reserve price of Rs 1,604 crore, down 10% from Rs 1,782 crore set in their last attempt in March this year, documents accessed by ET showed. Go First owes creditors more than Rs 6,200 crore in aggregate. This is the second markdown on the land parcel by lenders. They had first put the property for sale in July 2024 for Rs 1,966 crore.