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King's Counsel Harish Salve, representing the IRP, argued that the aircraft lessors have initiated 'parallel proceedings' despite clear directive from the NCLAT asking them to approach the National Company Law Tribunal (NCLT) on the status of aircrafts where leases were terminated prior to the moratorium.
The lessors submitted before the high court that denial of deregistration by the Directorate General of Civil Aviation is 'illegitimate'
Several aircraft lessors of Go First pitched before the Delhi High Court on Friday for deregistration of their planes by aviation regulator DGCA so they could take them back from the crisis-hit airline.
The lessors submitted before the high court that denial of deregistration by the Directorate General of Civil Aviation (DGCA) is “illegitimate”.
Senior advocate Mukul Rohatgi, appearing for one of the lessors, said the aircraft was its property and an interim resolution professional has no power to take over assets of a third party.