Today,26th April, The Delhi High Court ruled in favor of aircraft lessors, mandating the de-registration of leased planes and prohibiting Go First Airlines from operating them. The court also imposed restrictions on the airline’s Resolution Professional and directed them to maintain transparency. This decision addresses the complexities of insolvency proceedings in the aviation industry amidst contractual disputes.
NEW DELHI: The Delhi High Court has issued a stern show-cause notice to the resolution professional (RP) of the beleaguered airline Go First. The court is demanding explanations for the apparent willful non-compliance with its directives regarding the inspection and upkeep of leased aircraft. This legal move underscores the escalating tensions between aircraft lessors and […]
