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Aircraft lessor <keyword id="17375452" type="General" weightage="50" keywordseo="smbc-aviation-capital-ltd" source="Orion">SMBC Aviation Capital Ltd</keyword> on Wednesday moved the appellate tribunal <keyword id="6396355" type="General" weightage="80" keywordseo="nclat" source="Orion">NCLAT</keyword> against the order passed by the <keyword id="6355809" type="General" weightage="100" keywordseo="nclt" source="Orion">NCLT</keyword> earlier in the day allowing Go First's voluntary plea to initiate insolvency proceedings. <keyword id="2420268" type="General" weightage="80" keywordseo="smbc-aviation-capital" source="Orion">SMBC Aviation Capital</keyword>, formerly <keyword id="383650" type="General" weightage="50" keywordseo="rbs-aviation-capital" source="Orion">RBS Aviation Capital</keyword>, is one of the world's largest aircraft leasing companies. Earlier in the day, the Delhi-based principal bench of the National Company Law Tribunal (NCLT) admitted Go First's voluntary plea to initiate the insolvency resolution process against the airline. The tribunal appointed an interim resolution professional (IRP) while suspending the board and putting a moratorium on the debt-ridden company's financial obligations. During the hearing at NCLT last week, several aircraft lessors had opposed Go First's voluntary insolvency plea. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/investment/news/investment-supertrends-2023-ai-to-digitalisation-and-green-energy/articleshow/100126382.cms">AI to digitalisation and green energy: Supertrends defining investment for today and the future</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/auto/news/mg-motor-india-plans-to-dilute-majority-stakes-to-local-partners/articleshow/100127874.cms">MG Motor India plans to dilute majority stakes to local partners</a>

SMBC Aviation Capital moves NCLAT challenging NCLT order allowing insolvency Go First

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SMBC Aviation Capital moves NCLAT challenging NCLT order allowing insolvency Go First

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