Go First says it is exploring settlement with Delhivery

livemint.com:

₹1.58 crore from the logistics company for rendering domestic cargo consignment services. The money was paid as per the terms of an agreement that both companies entered into in 2020 and was last renewed in August 2022.

Go First received ₹57 lakh on May 2, the day it filed for insolvency, despite being aware that it may not be able to render the services even in the future as Go First does not have an operable fleet in its own admission, Delhivery had said. On June 8, NCLT had issued notice to the Interim Resolution Professional (IRP) of Go First over the plea filed by the supply chain company.

On May 10, NCLT had admitted the plea of Go First to initiate voluntary insolvency resolution proceedings. Due to operational reasons, Go First on Sunday announced the cancellation of its flights until July 25th.

Go First said: “We regret to inform that due to operational reasons, Go First flights scheduled till 25th July 2023 have been cancelled. We apologise for the inconvenience caused by the flight cancellations." (With inputs from PTI)