Go First: Committee of Creditors now in place; approval for revival plan likely soon

Updated: Jun 9 2023 9:53PM

Go First: Committee of Creditors now in place; approval for revival plan likely soon

Mumbai, Jun 9 (PTI) Lenders of Go First, which is undergoing voluntary insolvency resolution process, have set up the Committee of Creditors (CoC) and a new resolution professional is likely to be appointed early next week, a source said on Friday.

Cash-strapped Go First stopped flying from May 3 and now, with the CoC in place, the process for revival of the grounded airline is likely to gain speed.

The source said the deadline for constituting the CoC was June 9.

Press Trust Of India (PTI) is India's premier news agency, with a reach as vast as the Indian Railways'. It employs nearly 400 journalists and 500 stringers to cover almost every city and small town in India. Collectively, our journalists put out more than 1,000 stories and 250 photographs including graphics every day to feed the appetite of the diverse subscribers, who include the mainstream media, the specialized presses, research groups, companies, and government and non-governmental organizations.

General Access

Add On Customer Packages

The Press Trust Of India Ltd.

PTI building 4, Parliament Street, New Delhi-110 001

© PTI 2021, All Right Reserved

Designed by: 4c Plus