Followers

Sunday, December 3, 2023

Panel of creditors to decide on GoAir liquidation this week

The GoAir revival saga may soon come to an end as the Committee of Creditors (CoC) decides whether to opt for liquidation or invite a second round of expression of interest (EOI). The airline, owned by the Wadia Group, stopped flying in May 2023 and filed for voluntary insolvency. With the 270-day deadline approaching, the chances of a second round of EOI seem unlikely. The fate of the aircraft and engines, excluded from assets under the Insolvency and Bankruptcy Code, is yet to be decided by the courts.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/IfOhrM6

No comments:

Post a Comment

Dow soars over 1,300 pts, Sensex 900 pts

Indian markets surged on Tuesday, with the Sensex closing above 80,000 points, fueled by a global rally following Donald Trump's victory...