Go First Crisis: Has Go Frist committed fraud in the name of insolvency? NCLT asked for reply in two weeks - Newztezz Online

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Friday, June 9, 2023

Go First Crisis: Has Go Frist committed fraud in the name of insolvency? NCLT asked for reply in two weeks

NCLT has approved the notice of Delhivery. In which Delhivery has accused Go first airline of cheating.

The troubles of GoFirst Airline, which has declared itself bankrupt, are not taking its name. Recently NCLT has approved the notice of Delhivery. In which Delhivery has accused Go first airline of cheating. According to the notice, Delhivery has accused GoFirst Airline of cheating in the name of insolvency. On which NCLT has asked the airline to reply in 2 weeks.

Let us tell you, the services of Go First Airline have been closed since May 2. Recently, the company has decided to cancel all the flights of the airline till June 12. In such a situation, Delhivery has increased the difficulties of Go First even more.

Delhivery said this

Delhivery's counsel told that on May 2, GoFirst Airline had borrowed Rs 57 lakh from Delhivery. It was taken in the name of Advance Future Services. Means the airline company knew that they were going to file for bankruptcy, yet they borrowed from Delhivery. Under Section 65 of the Insolvency and Bankruptcy Code, GoFirst Airline can be fined from 1 lakh to 1 crore for cheating .

However, Delhivery's complaint petition in NCLT has been approved. Taking action in the matter, GoFirst Airline has been asked to reply before 24th July. If the airline company is found guilty, that is, if the company has fraudulently taken money from Delhivery, then it can also be fined.

Go First had informed about bankruptcy

Go First Airline had informed about bankruptcy before NCLT on 2 May. The company had said that it does not have enough funding for future services. In such a situation, it cannot operate its services. For this, the airline company had blamed the American company Pratt & Whitney.

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