Go First suffers when the High Court grants requests to deregister 54 aircraft
On Friday, the Delhi High Court ordered the Directorate General of Civil Aviation (DGCA) to start processing the petitions that a number of lessors had filed to have their 54 aircraft deregistered so they could reclaim them from the financially troubled Go First airline.
The resolution professional (RP) designated by the bankruptcy legislation to oversee the airline and its directors were also prohibited by Justice Tara Vitasta Ganju from removing or transporting the aircraft, spare parts, paperwork, records, and other materials.
The court ordered that the DGCA process the deregistration petitions submitted by the 54 aircraft as soon as possible and no later than five working days.
The high court ordered the petitioner lessors to be granted help and assistance as well as access to the airports by the DGCA, AAI, and its authorized agents. It said that lessors are allowed to export the aircraft in accordance with the relevant laws and regulations. “DGCA will enable aircraft exports by furnishing export certificates and all other necessary documentation,” the statement said. The court rendered a decision in response to petitions filed by a number of lessors requesting that the aviation regulator, the DGCA, deregister their aircraft so they could reclaim them from the airline.
Following the verdict’s announcement, the attorneys for a few of the respondents asked the court to postpone its orders for a week. But the judge remarked, “You find another court to put my directions in abeyance,” and refused to comply.
