This comes almost two months after the Enforcement Directorate (ED) arrested the four executives of Vivo Mobiles, including a Chinese citizen, as part of an ongoing investigation into alleged money laundering activities
The HC has nevertheless decided to continue hearing the case on merits and adjourned it to November 3, when the Resolution Professional of Go First is expected to commence his arguments
Is Govt Notification Exempting Aviation Leases From Moratorium Applicable For Go First, Delhi HC Asks DGCA menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
The Delhi High Court on Thursday directed aviation watchdog, Directorate General of Civil Aviation (DGCA), to file a response to the question whether the Ministry of Corporate Affairs' notification exempting aviation leases from moratorium .
Prior to this notification, when an airline filed for insolvency, moratorium would apply and the lessor would not have been able to take back leased aircraft and helicopters from the company immediately, owing to ambiguity in law. The exemption from moratorium changes that.