NCLT admits Go First plea for insolvency; imposes moratorium on assets

The National Company Law Tribunal (NCLT) on Wednesday admitted Go First’s plea for voluntary insolvency. A moratorium has been imposed the moratorium, meaning the airline’s lenders and other stakeholders like lessors who it owes money to can’t take any coercive action for six months.The National Company Law Tribunal (NCLT) on Wednesday admitted Go First’s plea for voluntary insolvency. A moratorium has been imposed the moratorium, meaning the airline’s lenders and other stakeholders like lessors who it owes money to can’t take any coercive action for six months.