HC reserves order on plea by Go First’s lessors seeking release of aircraft

The Delhi High Court on Thursday reserved its order on petitions filed by Go First’s lessors against the Directorate General of Civil Aviation (DGCA) for the release of their aircraft currently in the possession of the cash-strapped airline.

The DGCA had told the high court earlier it had not rejected the application of Go First’s lessors for deregistering the aircraft but had kept the process (of deregistration) in abeyance because of the moratorium. A moratorium period is the suspension of all or certain legal remedies against debtor(in this case Go First).