Go First Insolvency: High Court Allows Lessors To Access, Maintain Aircraft
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The Delhi High Court Wednesday allowed crisis-hit Go First's lessors to inspect their aircraft at least twice a month and carry out maintenance. The high court said there can be no denial of the fact that the aircraft of the petitioner lessors are highly valuable and sophisticated equipment and require maintenance for their preservation.
Justice Tara Vitasta Ganju also restrained Go First and its representatives and the Interim Resolution Professional (IRP) appointed by the NCLT from removing, replacing, or taking out any part or components, or records of the 30 aircraft except with the prior written approval of the lessor of the particular airplane. The high court passed the interim order on multiple applications filed by the lessors to alleviate any further losses. Also read: Go First Crisis: Aviation Watchdog DGCA Starts Special Audit Of Airline's Facilities cre Trending Stories The interim applications were filed in the main petitions by lessors seeking...