The Chief Justice of India DY Chandrachud had agreed to hear the appeal against the Delhi High Court division bench’s order that upheld order by single judge that allowed grounded airline Go First’s lessors to inspect the aircraft.
An RP was filed by Go First’s RP against the division bench’s order on August 2.
Senior advocate Ramji Srinivasan, representing the RP, informed the Delhi High Court about the appeal to the Supreme Court.
This took place before the final hearing of petitions by lessors, who were seeking directives against the DGCA for the deregistration of their aircraft.
The July 12,the division bench division upheld the order by the single judge that disallowed the Resolution Professional (RP) of Go First from removing, replacing, or taking out any part or component of the leased aircraft without the explicit permission of the lessors.
The the division bench, however, permitted Go First to continue maintaining the aircraft.
A single bench of Delhi High Court on July 5, granted permission to the lessors to inspect and perform maintenance work on their 30 leased aircraft and their parts twice a month.
The order asked the Go First’s employees from removing, replacing, or taking out any part out the explicit permission of the lessors.
The aircraft lessors, including Pembroke Aviation, Accipiter Investments Aircraft 2 Ltd, EOS Aviation, and SMBC Aviation, filed a writ with the Delhi High Court, seeking instructions to release the planes leased to Go First, which is currently facing financial distress.
On May 22, the National Company Law Appellate Tribunal (NCLAT) upheld the National Company Law Tribunal’s (NCLT) order to admit Go First’s plea for insolvency.
On May 10, the principal bench of the NCLT in Delhi accepted Go First’s voluntary plea to initiate an insolvency resolution process. As a result, the tribunal appointed an Insolvency Resolution Professional (IRP), suspended the board and imposed a moratorium on the airline’s financial obligations.