Go First lessors move Delhi HC, want their leased aircraft back

After failing to get any relief from the National Company Law Appellate Tribunal (NCLAT), several aircraft lessors of Go First have moved the Delhi High Court, seeking deregistration of their planes by the directorate general of civil aviation (DGCA).

Their contention is that NCLAT is not empowered to deal with the issue of deregistration as the aircraft are not the property of Go First but have been leased to it. As such, the interim resolution professional also does not have powers to take over the assets of a third party.