Go Airlines can now admit one of its vendors under CIRP: Report
The National Company Law Tribunal has allowed Go Airlines India's application to admit one of its vendors Blue Mushroom Infozone under the Corporate Insolvency Resolution Process. A division bench headed by Chief Justice Satish Chandra Sharma, while dealing with appeals by the resolution professional appointed under the insolvency law to manage the airline against an order by a single judge, also clarified that the DGCA shall be free to act on the plan submitted by the airline for resumption of its operations. In an interim order passed on July 5, the single judge had allowed the lessors to inspect their aircraft at least twice a month and carry out the maintenance work, PTI reported. The order by the single judge was passed on petitions by several lessors seeking de-registration of their planes by aviation regulator DGCA so they could take them back from the airline.
DGCA orders Go First to stop selling air tickets with immediate effect: Report
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