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Go First Airways, owing $781M to creditors, is ordered into liquidation by Indian tribunal.
The National Company Law Tribunal has ordered the liquidation of Indian budget carrier Go First Airways, owing $781 million to creditors.
The airline had filed for bankruptcy in May last year, and despite receiving financial bids, lenders decided to liquidate its assets as no viable revival plan was secured.
The liquidation process will now proceed under official supervision.
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Go First Airways, que debe $781 millones a los acreedores, es ordenado en liquidación por el tribunal indio.