Creditors of the defunct Indian low-cost carrier Go First (Mumbai International) are planning to auction two valuable blocks of land as soon as July to recover some of what they are owed, according to the Business Standard newspaper.

Earlier this year, the Central Bank of India took possession of around 383,300 square metres of land in Thane in the state of Maharashtra on behalf of Go First lenders Baroda Bank, Central Bank of India, and IDBI Bank. The airline had used the land as collateral for loans….

Source: ch aviation
Read more: Go First's lenders plan Thane land sale – again