description: The National Company Law Tribunal(NCLT) on May 10 accepted Go First's insolvency plea. With this order, the moratorium has been put in place under Section 14(1) of the Insolvency and Bankruptcy Code (IBC). Mr. Abhilash Lal of Alvarez and Marsal has been appointed as the Interim Resolution Professional (IRP) to take charge of the airline. Talking to Business Standard, Go First CEO Kaushik Khona said, "Congratulations to all. This is a historic ruling as an application of insolvency h