Mint

Go First resolution professional can't become its liquidator, says NCLT

NCLT instructed Go First to choose a new liquidator while emphasizing that Ajmera could not continue in his current role.(REUTERS) New Delhi: The National Company Law Tribunal (NCLT) on Tuesday said ...
Business Today

Go First lenders OK Venkatasubramanian as liquidator, NCLT to hear case on Dec 6

The counsel for resolution professional of debt-ridden Go First told the Delhi bench of the National Company Law Tribunal on Thursday that its committee of creditors has approved the name of Dinkar ...
Mint

CoC recommends EY honcho as new liquidator in Go First case

New Delhi: The Committee of Creditors (CoC) of the bankrupt airline Go First has voted to appoint Dinkar Venkatasubramanian as the liquidator for the airline’s liquidation proceedings. The resolution ...

Busy Bee Airways to reach out to GoFirst lenders; liquidator to file minutes of CoC meeting

Busy Bee Airways, which has challenged the liquidation of grounded carrier Go First, on Friday informed the insolvency ...

Understanding Liquidation: Process, Implications, and Examples

Liquidation ends a business and distributes assets to claimants when insolvency occurs. Learn how it works, asset ...