Tag: Go First

MUMBAI: Lenders to Go First on Monday discussed extending the period for arriving at a corporate insolvency resolution plan (CIRP) by three to six months. With no outside bidder in sight for the beleaguered airline, lenders are considering approaching the Wadias - the promoters of the airline - to inquire if they have any plans for running the company.Banks, having expended Rs 100 crore on the airline's salaries and other operational costs, are apprehensive about making a decision. They fear that a new legislation might be interpreted as...