Go First Insolvency: High Court Allows Lessors To Access, Maintain Aircraft india.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from india.com Daily Mail and Mail on Sunday newspapers.
The Delhi High Court on Wednesday permitted various lessors to carry out inspection and interim maintenance tasks of their aircrafts, which are currently on lease with crisis-hit Go First airline,.
Delhi HC: Go First lessors allowed to maintain aircraft - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
The plea, which Moneycontrol has reviewed, notes that Go First received Rs 57 lakh on May 2, the day it filed for insolvency, despite being aware that it may not be able to render the services even in the future as Go First does not have operable fleet in its own admission.
The regulator said it was not processing such requests following a moratorium on financial obligations and transfer of assets of the airline in the wake of insolvency resolution proceedings