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Panel of creditors to decide on GoAir liquidation this week
![IndiaTimes]()
Monday, 4 December 2023
The GoAir revival saga may soon come to an end as the Committee of Creditors (CoC) decides whether to opt for liquidation or invite a second round of expression of interest (EOI). The airline, owned by the Wadia Group, stopped flying in May 2023 and filed for voluntary insolvency. With the 270-day deadline approaching, the chances of a second round of EOI seem unlikely. The fate of the aircraft and engines, excluded from assets under the Insolvency and Bankruptcy Code, is yet to be decided by the courts.
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Monday, 4 December 2023
