Go First: An aircraft lessor has moved the Delhi High Court seeking directions to the authorities to release the plane leased to cash-strapped Go First. Earlier this month, the Wadia Group-owned Go First filed for voluntary insolvency resolution and said it can no longer continue to meet financial obligations. Following this move, some aircraft lessors moved the National Company Law Appellate Tribunal (NCLAT) opposing the airline’s insolvency proceedings.
Now, Accipiter Invesments Aircraft 2 Ltd has filed a writ petition before the Delhi HC against the central government and others, according to the news agency PTI. The lessor has requested the high court to direct aviation regulator DGCA to deregister its aircraft which is currently on…
Read the full article at: https://www.businesstoday.in/latest/corporate/story/fresh-trouble-for-go-first-aircraft-lessor-moves-delhi-hc-to-take-back-its-leased-plane-381571-2023-05-16