Key Points
The Delhi National Company Law Tribunal on Thursday said that there is no provision for an interim moratorium under the Insolvency and Bankruptcy Code (IBC) while hearing a petition by Go First Airlines for seeking interim moratorium...
There is provision only for absolute moratorium under IBC, the tribunal bench comprising Justice Ramalingam Sudhakar and a technical member L. N..
Gupta said.. Go First Airlines' legal counsel today informed the bankruptcy court that the purpose of filing for voluntary insolvency is to revive the airlines..
The carrier told the tribunal that it is seeking a comprehensive debt restructuring and that it is not a malicious petition to avoid payments of dues...
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