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The appellate tribunal further noted that it does not approve the order of NCLT, which refused to permit the engine lessor from inspecting the engines they have leased out.
This decision modified the NCLT’s 26 July order, which permitted Go First to use the leased aircraft, and noted that it does not approve the part of the NCLT order that restrained the lessor from inspecting the engines.
Future Retail's Resolution Professional seeks extension until September 15 to finalize Corporate Insolvency Resolution Process.
Both Delhivery and Go First have now decided to continue their legal battle at the NCLT. The tribunal has now sought response of Go First's Resolution Professional to Delhivery's plea. The case may come up for hearing on September 15
This application "has been filed pursuant to the findings in the report received from Nangia & Co. LLP, which was appointed as 'Transaction Review Auditor' by the RP," said a regulatory filing from Future Retail Ltd (FRL). The Transaction Review Auditor was to assist RP in his duties and the determination, wherein a transaction has been reported under Section 66 of the Code for adjudication by the NCLT.