Home Posts tagged NCLAT
Aviation Top Stories
The Jalan Kalrock Consortium (JKC) has confirmed payment of an additional INR 1 billion (USD12 million) in its bid to take over Jet Airways (JAI, Mumbai International). This completes, it said, its payment obligations as spelled out in the National Company Law Tribunal (NCLT) resolution plan. “The consortium’s strategy to revive the airline remains unaltered. Continue Reading
Aviation Top Stories
The National Company Law Appellate Tribunal (NCLAT) yesterday granted permission to Ireland-based lessor Jackson Square Aviation Ltd to inspect its aircraft leased to cash-strapped Go First. This decision follows a similar observation made in the case of Engine Lease Finance BV – the first lessor to approach the tribunal – on August 18 wherein it […]Continue Reading
Aviation Top Stories
Jackson Square Aviation Ireland Ltd, the lessor for the grounded airline Go First, has moved the National Company Law Appellate Tribunal (NCLAT) seeking directions to prevent its parked aircraft from being used for flying by the airline. The lessor’s legal action is against the resolution professional (RP) of the airline, Shailendra Ajmera, and is scheduled […]Continue Reading
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