Go First lenders seek to be party in aircraft lessors’ case in Delhi HC

Lenders of Go First on Friday told the Delhi High Court to implead the Committee of Creditors they formed for the airline’s debt resolution as a party in a batch of petitions filed by aircraft lessors, claiming it is the “ultimate decision-making authority”.

Lenders, led by Central Bank of India, argued that the lessors’ pleas seeking deregistration of their planes leased to the grounded airline pose a risk of lessors’ interests getting priority over those of lenders.