Go First heads for liquidation after discussions on bids come up short

Lenders are putting final touches to a voting proposal seeking liquidation of the airline after both the bids - from a consortium of EaseMyTrip CEO Nishant Pitti and SpiceJet chairman Ajay Singh, and from Sharjah-based Sky One Aviation - were below their expectations. The voting proposal may be put up before the committee of creditors this week, the people said.