Lenders slash Go First land price in fresh recovery bid

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Lenders have set a reserve price of Rs 1,604 crore, down 10% from Rs 1,782 crore set in their last attempt in March this year, documents accessed by ET showed. Go First owes creditors more than Rs 6,200 crore in aggregate. This is the second markdown on the land parcel by lenders. They had first put the property for sale in July 2024 for Rs 1,966 crore.