Morpheus Research claimed MakeMyTrip still records a $20-million (₹189 crore) receivable from Go Air, an insolvent airline that has now shut down, in its account to falsely inflate earnings. MakeMyTrip has written off just half of the pending receivable from Go Air, which other companies have written off completely. It shows the remaining receivable as customer deposits for booked flights.
Sponsored Advertisement
No comments yet. Be the first!