{"id":587229,"date":"2023-06-27T09:27:31","date_gmt":"2023-06-27T03:57:31","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=587229"},"modified":"2023-06-27T10:02:22","modified_gmt":"2023-06-27T04:32:22","slug":"the-cape-town-convention-bill-what-is-it-and-why-is-india-introducing-it","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/the-cape-town-convention-bill-what-is-it-and-why-is-india-introducing-it\/","title":{"rendered":"The Cape Town Convention Bill: What is it, and why is India introducing it?"},"content":{"rendered":"<p>The Indian government plans to introduce the Cape Town Convention Bill in the monsoon session of the Parliament in July this year. <\/p>\n<p>The move is aimed at making the process easier for aircraft leasing companies to seize the planes of airlines that miss rental payments. <\/p>\n<p>The proposed Bill will give primacy to the Cape Town Convention in case of conflict with any other local law, mainly the Insolvency and Bankruptcy Code (IBC), 2016. <\/p>\n<p>The Cape Town Convention <\/p>\n<p>The Cape Town Convention (CTC) is a global treaty that guarantees the rights of lessors to repossess leased high-value equipment such as aircraft, engines, and helicopters in case of payment defaults.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Indian government plans to introduce the Cape Town Convention Bill in the monsoon session of the Parliament in July this year. The move is aimed at making the process easier for aircraft leasing companies to seize the planes of airlines that miss rental payments. The proposed Bill will give primacy to the Cape Town Convention in case of conflict with any other local law, mainly the Insolvency and Bankruptcy Code (IBC), 2016. The Cape Town Convention The Cape Town Convention (CTC) is a global treaty that guarantees the rights of lessors to repossess leased high-value equipment such as aircraft, [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-587229","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/587229","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=587229"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/587229\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=587229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=587229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=587229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}