Over Rs 19,000-crore claims submitted by Go Airlines ticket holders, agents, vendors and lessors
Go Airlines operational creditors — which include individual ticket holders, agents/aggregators/payment gateways, vendor and lessors – have so far submitted claims of Rs 19,428 crore. But the resolution professional is yet to admit the claims. Out of total submitted claims of Rs 24,641 crore, the resolution professional has only admitted claims of Rs 5,117 crore.
Surprisingly, none of the operational creditors’ claims have been admitted yet by the resolution professional of Go Airlines. Even the claims of workers and employees (Rs 65.65 crore) have not been admitted yet, according to the updates in the website of Insolvency and Bankruptcy Board of India (IBBI), the insolvency regulator.
Given the large number of claimants involved (3,500 in total), the verification process could be taking time. Also, the list of claims was last updated on 8 June 2023.
Out of the Rs 19,428 crore operational creditors’ claims mentioned above, workers, employees and statutory claims together add up to Rs 99 crore. The rest of the Rs 19,329 crore pertains to those from individual ticket holders, agents/aggregators/payment gateways, vendor and lessors.
Resolution professional of Go Airlines Shailendra Ajmera has recently released an FAQ especially meant for operational creditors who are individual ticket holders seeking refund, travel agents and aggregators, vendors and lessors.
As per the FAQ, only those individuals who have directly booked tickets through Go First website/app or purchased a ticket directly from the counter should submit their claims. Those who have booked tickets indirectly through travel agents or aggregator websites (like MMT, Goibibo, Cleartrip, Easytrip, Travel boutique, Air IQ, Paytm, IRCTC etc.) need not file claims with Go First directly. Travel agents and aggregator websites will file consolidated claims on their behalf.
Out of the Rs 19,428 crore claims submitted by operational creditors, lessors have submitted claims of Rs 2,660 crore.
The following documents are required as proof of claim from the operational creditors:
| Operational creditors | Documents required for proof of claim |
| Individual Ticket holders | PNR Number, Mode of payment, Claim Amount, registered email ID, NEFT details, Government ID |
| (Direct bookings only) | |
| Agents / Aggregators / Payment gateways | Agent code, PNR with customer names, Claim Amount, registered email ID, wallet balance, statement of account, commission calculation (based on monthly agreed rates), TDS, TCS details |
| Suppliers / Vendors | Pending Invoices with proof of service, contracts/terms of agreement, Claim amount, entire statement of accounts since the initiation till Insolvency commencement date (ICD) |
| Lessors | Updated Statement of Account of each Lessor listing each outstanding invoice and the relevant amounts payable by Go First against these invoices. |
| Copies of all invoices (as listed in such statement of account of the Lessors) with the relevant details stated therein. If applicable, relevant calculations to also be annexed in such invoices. | |
| If claimed by Lessor, copies of the invoices for late payment interest along with the calculations for the same. | |
| If Lessor is claiming any amounts pursuant to the Deferral Agreements entered by them with Go First, copies of such invoices along with the relevant supporting documents for the same. | |
| Details of allocation of payments made by the Company from 01st January 2020 till opening of 10th May 2023 against the relevant invoices | |
| Details of allocation of the proceeds of invocation of Letters of Credits against the relevant invoices. | |
| Documents supporting any invoice and/or claims made by the Lessors. | |
| Evidence of any expense actually incurred by the Lessor if the same is being claimed from Go First. |
Also See: 2023 proving to be a tough year for airlines as many file for bankruptcy
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