NCLAT Upholds Liquidation of Go Airlines

The NCLAT upheld the liquidation of Go Airlines (Go First). This decision comes after the appellate tribunal considered the resolution efforts and the viability of reviving the airline under the corporate insolvency resolution process. The upholding of the liquidation order indicates that a feasible resolution plan could not be implemented, and the company will now proceed with the process of liquidating its assets to repay its creditors.