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The Hindu

National

Jagriti Chandra

Go First moves NCLT, says total dues to creditors at over ₹11k crore

Go First NCLT PW

Go First approached the National Company Law Tribunal (NCLT) on Wednesday (May 3) and sought the admission of its insolvency plea. It owes creditors ₹11,463 crore, the airline said in its insolvency filing.

The NCLT Delhi has listed the matter for Thursday.

According to Reuters, the airline in its petition before the court said that its total liabilities to all creditors stood at ₹11,463 crore, which includes dues to banks, financial institutions, vendors and aircraft lessors. Of these, the amount owed to financial institutions stood at ₹6,521 crore.

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