{"id":608250,"date":"2023-10-05T11:40:36","date_gmt":"2023-10-05T06:10:36","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=608250"},"modified":"2023-10-05T11:40:36","modified_gmt":"2023-10-05T06:10:36","slug":"centre-exempts-aircraft-from-moratorium-protection-of-ibc","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/centre-exempts-aircraft-from-moratorium-protection-of-ibc\/","title":{"rendered":"Centre exempts aircraft from moratorium protection of IBC"},"content":{"rendered":"<p>In a big respite for aircraft lessors, the government issued a notification giving exemption to aircraft and aircraft engines from the mandatory moratorium placed over assets during a bankruptcy process, under the Insolvency and Bankruptcy Code, 2016.<\/p>\n<p>The government\u2019s action comes after the National Company Law Tribunal ruling in Go First\u2019s case which put a moratorium on lessors to repossess aircraft. However, government officials told ET that the notification will not impact the Go First case, as it cannot be applied retrospectively.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a big respite for aircraft lessors, the government issued a notification giving exemption to aircraft and aircraft engines from the mandatory moratorium placed over assets during a bankruptcy process, under the Insolvency and Bankruptcy Code, 2016. The government\u2019s action comes after the National Company Law Tribunal ruling in Go First\u2019s case which put a moratorium on lessors to repossess aircraft. However, government officials told ET that the notification will not impact the Go First case, as it cannot be applied retrospectively.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[192,130,136],"tags":[],"class_list":["post-608250","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/608250","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=608250"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/608250\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=608250"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=608250"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=608250"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}