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NCLAT dismisses Go Airlines petition against withdrawal of Sovika's insolvency proceedings

Economic Times  

The National Company Law Appellate Tribunal (NCLAT) has dismissed a petition filed by budget carrier Go Airlines against an order passed by the NCLT allowing withdrawal of insolvency proceedings against Sovika Aviation Services. The Mumbai bench of the National Company Law Tribunal (NCLT) had on September 23, 2021 allowed the Section 12A application filed by the Resolution Professional for withdrawal of the Corporate Insolvency Resolution Process (CIRP) against Sovika Aviation Services. Go Airline, also an operational creditor of Slovika, filed its claim on September 6, 2021. A response to it was sent by the Resolution Professional on September 10, 2021. Sovika Aviation is a provider of services such as aircraft management, ground handling and terminal management.