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What happens when a company files for insolvency?

What happens when a company files for insolvency?

Last Updated: May 05 2023 | 5:33 PM IST

On May 2, Go First Airways filed for voluntary insolvency with the National Company Law Tribunal. The airways has suspended its flights and blamed its engine manufacturer Pratt & Whitney for the financial failure. But what's next? Watch the video to find out