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Tag: Delhi High Court

Aviation
NCLT defers hearing on Go First to July 11, leaves lessors stranded

NCLT defers hearing on Go First to July 11, leaves lessors stranded

The National Company Law Tribunal (NCLT) on Monday deferred its hearing in Go First’s insolvency case to July 11, leaving the lessors stranded. The NCLT indicated that it needed more time to study the Delhi

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Delhi High Court allows lessor reclaim of Aircraft

Delhi High Court allows lessor reclaim of Aircraft

  The Delhi High Court dealt a final blow to any hopes of a revival for Go First by ordering the aviation regulator to deregister all 54 aircraft leased by the bankrupt airline, effectively grounding

Aviation
SpiceJet, Cross Ocean Partners settle USD 11.2mn dispute

SpiceJet, Cross Ocean Partners settle USD 11.2mn dispute

SpiceJet has reached a settlement terms with aircraft leasing firm, Cross Ocean Partners, resolving a dispute of about USD 11.2 million (INR 93 crore). The parties made this joint announcement before the Delhi High Court

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Delhi HC orders SpiceJet to pay USD4 million to engine lessors by Feb 15

Delhi HC orders SpiceJet to pay USD4 million to engine lessors by Feb 15

The Delhi High Court directed SpiceJet to pay USD 4 million to engine lessors Team France 01 SA and Sunbird France 02 SAS by February 15. SpiceJet, seeking more time, offered an initial $1 million.

Aviation
Delhi HC grants permission to lessor for inspection of leased engine to SpiceJet

Delhi HC grants permission to lessor for inspection of leased engine to SpiceJet

In a significant legal development, the Delhi High Court has given approval for Engine Lease Finance BV to conduct inspections on an engine it leased to SpiceJet. The court ruling permits the lessor to inspect

Aviation
Go First forms company with former employees to liaise with leasing firms: Report

Go First forms company with former employees to liaise with leasing firms: Report

Crisis-hit Go First has reportedly floated a company to liaise with the leasing companies. The company was floated in December and is being led by Sachin Naik, a former employee in Go First’s finance department.

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