Jet approaches NCLT against lessors’ move to de-register aircraft, eviction from HQ

Jet Airways’ Insolvency Resolution Professional (IRP) has approached the Mumbai bench of NCLT against aircraft lessors trying to deregister aircraft leased to the debt-laden airline. It has also sought the NCLT’s intervention against the owner of the building that houses its headquarters, after an attempt was made to evict the company.

The counsel representing the IRP moved an application requesting the bench to pass an order refraining the Directorate-General of Civil Aviation (DGCA) from accepting any deregistration applications till the insolvency process is through, because a moratorium on all assets has been put in place from June 20.

This came after a lessor moved an application with the DGCA to deregister aircraft number VPJEW which was grounded in Amsterdam five days ago. The counsel pointed out that a large part of the lease has been paid. The bench in this matter passed an order seeking response from the DGCA on the same by July 19.