NCLT okays 90-day extension for Go First resolution process
The National Company Law Tribunal has allowed Go First's resolution professional to extend the resolution timeline by 90 days until February 4, 2024. The committee of creditors, including Central Bank of India, Bank of Baroda, and IDBI Bank, had passed a resolution to extend the process by 90 days. However, the resolution professional has not found a bidder for the airline, which applied for voluntary insolvency in May.
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