{"id":390,"date":"2023-07-06T16:16:24","date_gmt":"2023-07-06T15:16:24","guid":{"rendered":"https:\/\/hariharalaw.com\/?p=390"},"modified":"2023-07-10T04:56:40","modified_gmt":"2023-07-10T03:56:40","slug":"insolvency-ridden-go-first-might-resume-operations","status":"publish","type":"post","link":"https:\/\/hariharalaw.com\/index.php\/2023\/07\/06\/insolvency-ridden-go-first-might-resume-operations\/","title":{"rendered":"Insolvency-ridden GO First might resume operations"},"content":{"rendered":"[vc_row type=&#8221;in_container&#8221; full_screen_row_position=&#8221;middle&#8221; column_margin=&#8221;default&#8221; column_direction=&#8221;default&#8221; column_direction_tablet=&#8221;default&#8221; column_direction_phone=&#8221;default&#8221; scene_position=&#8221;center&#8221; text_color=&#8221;dark&#8221; text_align=&#8221;left&#8221; row_border_radius=&#8221;none&#8221; row_border_radius_applies=&#8221;bg&#8221; overflow=&#8221;visible&#8221; overlay_strength=&#8221;0.3&#8243; gradient_direction=&#8221;left_to_right&#8221; shape_divider_position=&#8221;bottom&#8221; bg_image_animation=&#8221;none&#8221;][vc_column column_padding=&#8221;no-extra-padding&#8221; column_padding_tablet=&#8221;inherit&#8221; column_padding_phone=&#8221;inherit&#8221; column_padding_position=&#8221;all&#8221; column_element_direction_desktop=&#8221;default&#8221; column_element_spacing=&#8221;default&#8221; desktop_text_alignment=&#8221;default&#8221; tablet_text_alignment=&#8221;default&#8221; phone_text_alignment=&#8221;default&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_backdrop_filter=&#8221;none&#8221; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; column_link_target=&#8221;_self&#8221; column_position=&#8221;default&#8221; gradient_direction=&#8221;left_to_right&#8221; overlay_strength=&#8221;0.3&#8243; width=&#8221;1\/1&#8243; tablet_width_inherit=&#8221;default&#8221; animation_type=&#8221;default&#8221; bg_image_animation=&#8221;none&#8221; border_type=&#8221;simple&#8221; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221;][vc_column_text] GO First might resume its operation from the second week of July amid a Singapore Court on Wednesday directs the Lessors <strong>Pratt &amp; Whitney<\/strong> (P&amp;W) of the low-fare flight carrier to supply and service engines.<\/p>\n<div id=\"attachment_396\" style=\"width: 1034px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-396\" class=\"size-large wp-image-396\" src=\"http:\/\/hariharalaw.com\/wp-content\/uploads\/2023\/07\/Go-First-1-1024x576.jpg\" alt=\"\" width=\"1024\" height=\"576\" srcset=\"https:\/\/hariharalaw.com\/wp-content\/uploads\/2023\/07\/Go-First-1-1024x576.jpg 1024w, https:\/\/hariharalaw.com\/wp-content\/uploads\/2023\/07\/Go-First-1-300x169.jpg 300w, https:\/\/hariharalaw.com\/wp-content\/uploads\/2023\/07\/Go-First-1-768x432.jpg 768w, https:\/\/hariharalaw.com\/wp-content\/uploads\/2023\/07\/Go-First-1.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><p id=\"caption-attachment-396\" class=\"wp-caption-text\">Facebook\/Go First<\/p><\/div>\n<p>Go Airlines Ltd. which carries its services as GO First has been under the <strong>Corporate Insolvency resolution Process<\/strong> (CIRP) since 10 May 2023. The Airlines suspended its services and grounded its fleet on 03 May 2023, sighting engine scarcity and fault engines by P&amp;W. Thereafter the airlines voluntarily filed an application under Section 10 of the <strong>Insolvency and Bankruptcy Code, 2016<\/strong> (IBC) seeking initiation of CIRP. The application was admitted by the Delhi Bench of <strong>National Company Law Tribunal<\/strong> (NCLT) on 10 May 2023 and moratorium was imposed on the company.[\/vc_column_text][\/vc_column][\/vc_row]\n","protected":false},"excerpt":{"rendered":"<p>[vc_row type=&#8221;in_container&#8221; full_screen_row_position=&#8221;middle&#8221; column_margin=&#8221;default&#8221; column_direction=&#8221;default&#8221; column_direction_tablet=&#8221;default&#8221; column_direction_phone=&#8221;default&#8221; scene_position=&#8221;center&#8221; text_color=&#8221;dark&#8221; text_align=&#8221;left&#8221; row_border_radius=&#8221;none&#8221; row_border_radius_applies=&#8221;bg&#8221; overflow=&#8221;visible&#8221; overlay_strength=&#8221;0.3&#8243; gradient_direction=&#8221;left_to_right&#8221; shape_divider_position=&#8221;bottom&#8221; bg_image_animation=&#8221;none&#8221;][vc_column column_padding=&#8221;no-extra-padding&#8221; column_padding_tablet=&#8221;inherit&#8221; column_padding_phone=&#8221;inherit&#8221; column_padding_position=&#8221;all&#8221; column_element_direction_desktop=&#8221;default&#8221; column_element_spacing=&#8221;default&#8221; desktop_text_alignment=&#8221;default&#8221; tablet_text_alignment=&#8221;default&#8221; phone_text_alignment=&#8221;default&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_backdrop_filter=&#8221;none&#8221; column_shadow=&#8221;none&#8221;&#8230;<\/p>\n","protected":false},"author":1,"featured_media":396,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[8],"tags":[15,19,18,11,22,12,13,17,16,21,20,14],"class_list":{"0":"post-390","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-newsupdates","8":"tag-advocate","9":"tag-company-lawyer","10":"tag-corporate-lawyer","11":"tag-go-first","12":"tag-ibc","13":"tag-insolvency","14":"tag-insolvency-and-bankruptcy","15":"tag-lawyer-in-delhi","16":"tag-lawyer-in-gurgaon","17":"tag-national-company-law-tribunal","18":"tag-nclt","19":"tag-pratt-and-whitney"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.13 - 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