The Directorate General of Civil Aviation (DGCA) has been told by Go First Airlines that there is “no definite timeline” for the company to resume operations.
The airline in distress claimed it has no set schedule for resuming operations yet in response to the DGCA's show cause notice.
The Wadia Group-backed airline is anticipated to start up again by the end of May 2023, according to previous reports.
According to CNBC-TV18, the airline is hopeful that its fleet, which has been confirmed flight-worthy, will begin operations soon.
The suspended Go First board filed caveats on Tuesday with the Supreme Court against 22-aircraft-owning aircraft lessors, including SMBC Aviation Capital Ltd, SFV Aircraft Holdings, GY Aviation, and Engine Leasing Finance BV (ELFC).
According to information on the official website of the Supreme Court of India, Varun Berry, the Chairperson of the Go First board that was suspended, has submitted four caveats via his attorney, lawyer Pranjal Kishore.
The National Company Law Appellate Tribunal (NCLAT)'s ruling on Monday upholding the decisions made by the Delhi bench of the NCLT on May 10 has been challenged by the caveat.
The NCLAT panel, presided over by Chairperson Justice Ashok Bhushan, declared that the judgement dated May 10, 2023, admitting insolvency, was affirmed.
The NCLAT upheld bankruptcy resolution procedures against Go First on Monday, thwarting attempts by aircraft lessors to reclaim their aircraft from the financially troubled airline. The Delhi bench of the NCLT's ruling had been contested by the lessors.
