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An Interim Resolution Professional (IRP) has been appointed by the NCLT to manage the affairs of Go First Airline under the Insolvency and Bankruptcy Code (IBC) but some lessors have challenged the tribunal’s ruling.
Source: https://indianexpress.com/article/india/go-first-haj-flights-indigo-8604607/
In his written communication to the NCLT, the IRP said: “The company is not at default today with any financial creditors.”