NCLAT defers SMBC Aviation’s case hearing against Go First till May 12

SMBC Aviation Capital Ltd moved to National Company Law Appellate Tribunal (NCLAT) against the order passed by the National Company Law Tribunal (NCLT) allowing Go First’s voluntary plea to initiate insolvency proceedings.  The NCLAT has differed the hearing till May 12. While arguing advocates of SMBC Aviation stated that they had terminated their leases with Go First even before NCLT admitted the airline’s voluntary insolvency plea. He submitted that there was no tearing for NCLT to admit the plea as Go First has itself stated in the plea that it had not defaulted in payments to financial creditors, while emphasising that the