An interim resolution professional (IRP) who was suggested by Go First’s management is already in charge of Go First.
Go First voluntarily requested admission under the insolvency proceedings, and was subsequently granted.
The airline claimed that Pratt & Whitney gave them defective engines, which caused the airline to lose a significant amount of money and resulted in the grounding of half of its fleet.
The lessors had appealed the NCLT verdict to the National Company Law Appellate Tribunal