NCLT gives green signal to Go First to fly aircraft if registered

The National Company Law Tribunal (NCLT) on Wednesday said Go First could fly aircraft in its possession if those planes were still registered with the civil aviation regulator.

“It is pertinent to mention that the Directorate General of Civil Aviation (DGCA) has not deregistered the aircraft, which means that they are available to the corporate debtor (Go First in this case) to resume operations. Therefore, as long as the aircraft/engines are registered, they can be used for operating or flying to keep the corporate debtor as a going concern, however, within safeguards/safety norms prescribed by the regulators,” the NCLT’s interim order stated.