Only 19% of claims by creditors admitted: Go First RP tells Court

The Resolution Professional (RP) of grounded airline Go First told the National Company Law Tribunal (NCLT) that Rs 28,558 crore of claims has been received by the creditors, out of which 19% of the claims have been admitted and the remaining claims are under verification.

This includes Rs 5,639 crore of claims from financial creditors or lenders, of which 68% has been admitted, while the remaining is under verification by the RP….