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The Delhi High Court passed an interim order on multiple applications by several lessors seeking maintenance of their aircraft in crisis-hit Go Firsts possession.
The lessors have been permitted to contract round-the-clock security services for all the aircraft. The resolution professional will have to supply all the documents pertaining to the aircraft's maintenance and airworthiness to the lessors.
The High Court of Delhi has held that any claim that has been settled under the resolution plan, even though at a nominal value of Rs. 1 only, would become non-arbitrable once the resolution plan...
The High Court of Delhi has held that once a resolution plan is approved by the CoC and the adjudicating authority, it results in the extinguishment of all the existing claims that any party may...
Order likely to impact Go First's plans to resume operations due to lack of clarity on aircraft availability