NCLT admits Go First plea for insolvency; imposes moratorium on assets

The National Company Law Tribunal (NCLT) on Wednesday admitted Go First’s plea for voluntary insolvency. A moratorium has been imposed the moratorium, meaning the airline’s lenders and other stakeholders like lessors who it owes money to can’t take any coercive action for six months.

source https://timesofindia.indiatimes.com/india/nclt-admits-go-first-plea-for-insolvency-imposes-moratorium-on-assets/articleshow/100123722.cms

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