The case involves three appeals (631, 633, and 649 of 2023) filed against the order dated 10.05.2023 passed by the National Company Law Tribunal (NCLT), New Delhi, which admitted a Section 10 application filed by the Corporate Applicant, Go Airlines (India) Limited. The appeals concern the applicability of moratorium on aircraft leases terminated before the admission of the Section 10 application.
The National Company Law Tribunal (NCLT), New Delhi, admitted a Section 10 application filed by Go Airlines (India) Limited. Accipiter Investments Aircraft 2 Ltd., Eos Aviation 12 (Ireland) Ltd., and ACG Aircraft Leasing Ireland Ltd. filed appeals against this order. The appeals raised similar facts and submissions as those in Company Appeal (AT) (Insolvency) No. 593 of 2023, which concerned SMBC Aviation Capital Ltd. vs. Interim Resolution Professional of Go Airlines (India) Ltd., Abhilash Lal. The core issue revolves around the admission of the Section 10 application and the applicability of a moratorium on aircraft leases that were terminated before the admission of the Section 10 application. The appellants are aircraft leasing companies. Go Airlines (India)
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The National Company Law Tribunal (NCLT), New…
Judgement and order dated 22nd May, 2023 in…
The case involves three appeals (631, 633, and 649 of 2023) filed against the order dated 10.05.2023 passed by the National Company Law Tribunal (NCLT), New Delhi, which admitted a Section 10 application filed by the Corporate Applicant, Go Airlines (India) Limited. The appeals concern the applicability of moratorium on aircraft leases terminated before the admission of the Section 10 application.
The National Company Law Tribunal (NCLT), New Delhi, admitted a Section 10 application filed by Go Airlines (India) Limited. Accipiter Investments Aircraft 2 Ltd., Eos Aviation 12 (Ireland) Ltd., and ACG Aircraft Leasing Ireland Ltd. filed appeals against this order. The appeals raised similar facts and submissions as those in Company Appeal (AT) (Insolvency) No. 593 of 2023, which concerned SMBC Aviation Capital Ltd. vs. Interim Resolution Professional of Go Airlines (India) Ltd., Abhilash Lal. The core issue revolves around the admission of the Section 10 application and the applicability of a moratorium on aircraft leases that were terminated before the admission of the Section 10 application. The appellants are aircraft leasing companies. Go Airlines (India)
…The National Company Law Tribunal (NCLT), New…
Judgement and order dated 22nd May, 2023 in…