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IBC - Highlights / Catch Notes

Home Highlights July 2023 Year 2023 This

CIRP - Leased Aircrafts - The notice of default and termination ...

Insolvency and Bankruptcy

July 13, 2023

CIRP - Leased Aircrafts - The notice of default and termination sent by the Petitioners to Respondent/Go Air - The Petitioners have made out a strong prima facie case in view of the provisions of the Aircrafts Rules as discussed herein. The balance of convenience is also in favor of the Petitioners. The Petitioners are suffering irreparable losses as the value of these Aircrafts are diminishing on a daily basis - Interim relief granted - HC

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