Cash-strapped Go First to challenge Delhi HC's ruling on inspection of planes by lessors: Report
PTI citing the grounded airline's resolution professional. Go First stopped flying on 3 May and is undergoing an insolvency resolution process and aviation regulator DGCA is doing a special audit of the airline. On 6 July, senior advocate Ramji Srinivasan appearing for the resolution professional of Go First told the NCLT that the airline will challenge the high court order.
He said that there are inconsistencies between the order passed by the single-member bench of the high court and the directions given by the NCLT. "As things are presently advised, we are considering challenging it," he said. Earlier on Wednesday, the Delhi High Court Justice Tara Vitasta Ganju In its 46-page order said the resolution professional "is not required to take control" of the assets owned by a third party.
The Delhi High Court also directed the DGCA to permit the lessors, their employees, and agents to access the airport, where 30 aircraft are currently parked, and to inspect them within three days. As per the previous NCLT order, the resolution professional is to keep the aircraft and engine, which are under his possession, airworthy. Go First is going through Corporate Insolvency Resolution Process (CIRP).
On May 10, the NCLT admitted the airline's voluntary plea for initiating the resolution proceedings. Srinivasan also told the tribunal that the DGCA has formed a special audit committee that will audit the aircraft and its readiness before permitting restarting of operations as per the business resumption plan. The report of the DGCA is expected in a few days, he said.
Read more on livemint.com
