As of now, it is still going on…
But the thing is that the flights in my package were chosen by MMT, not my me. I was just told in package description that an economy flight would be provided as per availability. When I booked, the flight was Indigo but after a few days, it was modified to Go-Air. I contacted Customer Care then also – They said it’s ok as this was done due to availability issues and both airlines are good and have similar cost – No additional cost was taken or refunded. Only when my booking date got near did I got to know via news about this bankruptcy…