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NCLAT allows Go First lessor to inspect aircraft
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₹100 crore into the airline and to be able to service its insurance and other statutory obligations. Go First, earlier owned by the Wadia Group, filed for insolvency attributing financial troubles to Pratt and Whitney's faulty engines.
NCLT admitted the case on May 10, also suspended the board, and imposed a moratorium on the airline's financial obligations. The moratorium caused several Go First aircraft lessors, including SMBC Aviation Capital, SFV Aircraft Holdings, and GY Aviation Lease, to challenge the NCLT's admission of Go First's insolvency, arguing that they should be allowed to reclaim their leased aircraft, but NCLAT refused their plea to stay NCLT proceedings.
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