The Delhi High Court on Friday ordered the de-registration of the planes leased out to Go First Airlines by various companies, and restrained the debt-ridden airline from flying them.
Lessors have moved a contempt petition before the High Court claiming that the previous order allowing them access to the planes to carry out maintenance work was not being followed.
The company has significant value but unfortunately, the Resolution Professional (RP) has not found anyone who can take this forward, Kaushik Khona said.