NCLT stalls deregistration of Jet Aircraft

The bankruptcy court on Friday stalled deregistration of a Jet AirwaysNSE -4.96 % aircraft by the aviation regulator, bringing some relief to the grounded airline currently undergoing insolvency proceedings.

Irish lessor Fleet Ireland Aircraft Lease had appealed for the deregistration of a Boeing 777 plane earlier this month, citing that the cash-strapped airline had defaulted on lease payments. The resolution professional for Jet Airways objected to it.