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APRIL 2025

Week 15

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India’s tribunal dismisses petitions to halt Go First liquidation

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April 10th 2025

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The India National Company Appellate Law Tribunal has rejected several appeals against a January 2025 ruling that ordered the liquidation of Go First. Read More » Separate appeals were filed by a trade union, former employee Arjun Dhawan & Ors, and Nishant Pitti’s investment vehicle Busy Bee Airways Pvt. Ltd. Pitti established the online travel agency EaseMyTrip and has been the highest profile individual attempting to stop the LCC’s liquidation. Pitti can still lodge an asset buyout proposal with Go First’s liquidator and the committee of creditors. Go First owes creditors and lenders INR65.21 billion rupees (US$759 million).

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