The National Company Law Tribunal (NCLT) on Wednesday admitted Go First's voluntary plea to initiate the insolvency resolution process against the airline. A two-member bench comprising President Justice Ramalingam Sudhakar and L N Gupta also appointed Abhliash Lal as interim resolution professional (IRP) to run the debt-ridden company. It has also put the company under protection of moratorium and directed the suspended board of directors to assist the IRP to run the company during insolvency proceedings.
Former Gujarat home minister Amit Shah, who was forced to leave the state during the pendency of his trial in Sohrabuddin fake encounter killing case, on Tuesday, moved the Supreme Court seeking its permission to return.
The Supreme Court on Monday rejected the petition seeking euthanasia for Aruna Shanbaug who has been lying in a vegetative state for over three-and-a-half decades at the KEM hospital in Mumbai.
The regulator's concern arises from several recent instances.
