BDO Resolution Professionals

The Kishore Biyani-promoted company has two garment manufacturing units located at Tarapur-Palghar in Maharashtra and Mahadevapura-Bengaluru in Karnataka

The Insolvency Tribunal NCLT on Thursday approved the decision of lenders of Go First to appoint Shailendra Ajmera as the Resolution Professional of the company. The tribunal also directed him to file a reply within a week over the lessors' plea seeking their aircraft and engine back in their possession from crisis hit air carrier. Earlier, the National Company Law Tribunal (NCLT) had appointed Abhilash Lal as the Interim Resolution Professional on May 10, 2023, while admitting the plea of Go First to initiate voluntary insolvency resolution proceedings after suspending the board of the company. The NCLT direction came over a plea moved by the Central Bank of India, which was also approved by other members of the Committee of Creditors of Go First. "We approve the appointment of Shailendra Ajmera as RP of the Corporate Debtor," said a two-member NCLT bench. It also directed the RP to file a reply within a week over the lessors seeking possession of their aircraft and engines back

BDO India said it was forced to seek legal intervention so that the resignations did not come in the way of the resolution process