Go First: The Insolvency Flight Path

Embark on a captivating exploration with The Morning Brief as we delve into the intriguing decision-making process behind Wadia's choice to navigate the treacherous skies of insolvency through the NCLT route. Uncover the motives and intricacies behind this daring flight path, where a seemingly perilous journey could ultimately lead to a flawless landing in the realm of insolvency. In this episode, we hear from  Rajesh Sharma, a former technical member of the National Company Law Tribunal (NCLT), explains the legal ramifications of this insolvency. Anirban Chowdhury, ET’s Aviation Journalist, describes the Pratt & Whitney troubles and the factors that led to Go First's demise.  Sangita Mehta, Banking Journalist at ET outlines the history of corporate insolvency in India. Mohit Bhalla, Senior Editor at ET, examines how Mauritius-based Wadia Group, received a $300 million loan from Deutsche Bank. Credits: Spanner Films, First Post, WION and Republic TV  If you like this episode from Anirban Chowdhury, check out his other interesting episodes on El Niño: Little Boy, Big Trouble, Will music streaming platforms survive in India?, Lufthansa CEO on its turnaround, India and Air India, and much more! If you like this episode from Anupriya, check out her other episodes on Survivor Island: The Startup Finale, Downsizing to Down Rounds, Nirav Modi: Extradition or Asylum - The Scam Explained, Call of Duty: The Inflation Warzone and more! You can follow Anirban Chowdhury on his social media: Twitter and Linkedin.You can follow our host Anupriya on her social media: Twitter and Linkedin   Catch the latest episode of ‘The Morning Brief’ on ET Play, The Economic Times Online, Spotify, Apple Podcasts, JioSaavn, Amazon Music and Google Podcasts.See omnystudio.com/listener for privacy information.