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NCLT on Wednesday has granted relief to Go First after it admitted Go First’s pleas for voluntary insolvency and has granted the airline protection under moratorium from recovery by lessors and lenders.
It has also directed the Go First management to deposit Rs 5 crore with IRP to meet expenses.
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TheNews21 is India’s independent digital news and investigative journalism platform founded by senior journalist Vivek Bhavsar. From its Mumbai newsroom, it reports on governance, politics, public policy, business and international affairs, while publishing in-depth investigative stories in the public interest.
