Top Highlights

• while adjudicating a petition filed by Go Airlines (India) Limited, has issued notice in an application field by the Resolution Professional of Go Airlines, seeking permission to make refund to the passengers whose tickets were cancelle
• M/s Go Airlines (India) Limited (“Corporate Debtor/Go Airlines”) is engaged in the business of Airlines and is the third largest airline operator in India.
• Go Airlines filed a petition under Section 10 of the Insolvency and Bankruptcy Code, 2016 (“IBC”), voluntarily seeking initiation of the Corporate Insolvency Resolution Process (“CIRP”) against itself. On 10.05.2023, the NCLT admitted the petition and initiated CIRP against Go Airlines.
• Prior to CIRP initiation, Go Airlines was constrained to cancel 4,118 flights with 77,500 passengers in a span of thirty days as its flights were grounded. No refund was made to the passengers at that point of time
• The NCLT has issued notice to the Insolvency and Bankruptcy Board of India (“IBBI”) and the Committee of Creditors (“CoC”) of Go Airlines, to enter appearance and file their reply to the said application. The Resolution Professional has been granted liberty to take up the issue of refund with the CoC in the meanwhile.

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