NCLT New Delhi Orders Liquidation Of Go Airlines (India) Limited

The NCLT ordered the liquidation of Go Airlines India Limited under the Insolvency and Bankruptcy Code (IBC). This decision followed the failure of the airline to resolve its financial distress despite several attempts to rehabilitate the business. The liquidation order is a significant step in the IBC process, as it marks the closure of the insolvency proceedings, allowing creditors to recover dues through the liquidation of the company’s assets.