SpiceJet promoter Ajay Singh and Sharjah-based aviation company Sky One on Friday submitted competing bids for bankrupt airline Go First.
Mr. Singh, who is the chairman and managing director of the publicly held company that operates the budget carrier, submitted a bid in his personal capacity along with Busy Bee Airways Private Limited, which counts among its largest shareholders Nishant Pitti, a co-founder of the travel booking portal EaseMyTrip.
The National Company Law Tribunal had on February 13 granted a second extension for Go First’s corporate insolvency resolution process -- giving it another 60 days until April 4. The committee of creditors would now meet to vote on the resolution plan submitted by the bidders, which would then be presented before the insolvency court, said people closely involved with the process who spoke on condition of anonymity.
