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Creditors say yes to fresh bids for Go First

By Economic Times - 10 months ago
Creditors of bankrupt Go First Airlines allow fresh proposals from prospective resolution applicants (RAs). Five entities, including SpiceJet, express interest. RAs must submit bank guarantee and formal EoI. CIRP may be extended. Lenders skeptical of strong bids due to airline's struggles. Court battle with lessors. Lenders pursue arbitration against Pratt & Whitney.

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