The court appointed Dinkar T. Venkatasubramanian as the liquidator of Go Airlines, in line with the guidelines issued by the Insolvency and Bankruptcy Board of India (IBBI) in July 2023. Venkatasubramanian will now oversee the liquidation process, which involves selling off the company's assets to settle outstanding debts. Go First's financial creditors include several prominent banks and financial institutions, such as the Central Bank of India, which is owed Rs 1,934 crore, Bank of Baroda with Rs 1,744 crore, and IDBI Bank, which is owed Rs 774 crore. The airline also owes significant amounts to its unsecured creditors, including Rs 90.88 crore to Bombay Burmah Trading Corporation and Rs 1,330 crore to Leila Lands Ltd. In addition, the airline has an outstanding Rs 75 crore in dues to its employees.