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Delhi HC to hear Go First’s lessors’ plea on October 19

The Delhi High Court will hear aircraft leasing companies’ plea for deregistration of Go First aircraft on October 19.
With a favourable notification from the Ministry of Corporate Affairs, the lessors pressed for the release of the planes leased to Go First during a hearing on Thursday.

However, counsels of the airline’s committee of creditors and resolution professional sought time to examine the notification that was issued on Wednesday evening. The court accepted the plea and posted the matter for hearing on October 19.

The notification disallows moratorium for leased aircraft and that has come as a shot in the arm for lessors who are trying to recover the planes leased to Go First.

While lessors are seeking de-registration, Go First is expected to oppose the plea.

A senior Go First executive said the notification will not impact the airline. “Notifications are always prospective – as a rule,” he said.

 

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