Lessors seek deregistration of Go First aircraft after MCA notification

Go First lessors on Thursday requested the Delhi High Court for the deregistration of their aircraft in light of a recent notification by the Ministry of Corporate Affairs (MCA) that exempted aircraft, engines, and airframes from a moratorium under the Insolvency and Bankruptcy Code, 2016.

The lessors also said it was the primary duty of the Directorate General of Civil Aviation (DGCA) to either reaffirm their position by virtue of this new event or change it. “The resolution professional (RP) or the committee of creditors (CoC) plays a tertiary role. It is essentially the DGCA’s decision,” counsel representing one of the lessors said.