In the matter of Go Airlines (India) Limited [IB-264(PB)-2023]
Case brief
What is this about?
The Tribunal disposed of multiple interim applications filed by various applicants against the Resolution Professional of Go Airlines (India) Limited. The court reserved orders on prayers seeking protection of aircraft and engines, restraining their removal or operation, and directed correspondence to be exchanged before listing for final disposal.
What the court decided
IN THE NATIONAL COMPANY LAW TRIBUNAL, NEW DELHI COURT-V
(Division Bench)
Item No.-509 (IB)-264(PB)/2023
New IA/3316/2023, New IA/3472/2023, New IA/3481/2023, IA/3254/2023, IA/3277/2023, IA/3280/2023, IA/2944/2023, IA/3048/2023, IA/2850/2023
IN THE MATTER OF: Go Airlines (India) Limited
….Applicant
SECTION U/s 10 of IBC, 2016
Order delivered on 06.07.2023
CORAM: SHRI MAHENDRA KHANDELWAL, HON’BLE MEMBER (JUDICIAL)
SHRI RAHUL BHATNAGAR, HON’BLE MEMBER (TECHNICAL)
PRESENT:
For the Applicant : Mr. Kevic Setalrad, Sr. Adv. with Mr. Pai Amit, Mr. Nimish Vakil, Ms. Bhavana Duhoon, Mr. Abhiyudaya Vats in New IA/3316/2023 Mr. Anandh Venkataramani, Mr. Saket Satapathy, Mr. Anubhav Dutta, Mr. Priyal Shah, Mr. Sashank Mehta in IA/3048/2023 Mr. Ameya Gokhale, Ms. Meghna, Mr. Vaijayant Paliwal, Mr. Rishabh Jaisani, Mr. Harit Lakhani, Ms. Megha Khandelwal, Advs. in IA/3277/2023 & IA/3280/2023 Mr. Arun Kathpalia, Sr. Adv. with Ms. Meghna Rajadhyaksha, Mr. Vaijayant Paliwal, Mr. Rishabh Jaisani, Mr. Harit Lakhani, Ms. Megha Khandelwal, Advs. in IA/2944/2023 Mr. Ankur Manindro, Mr. Ravi Nath, Mr. Rohan Taneja, Mr. Aditya Kapur, Mr. Ankit Garg, Mr. Mehul Jain, Advs. Mr. Chinmoy Pradip Sharma, Mr. Ritesh Singh, Mr. Ajay Kumar, Ms. Anchal Nanda, Mr. Hetram Bishnoi, Mr. Navneet Singh, Mr. Irfan Haseib, Mr. Babul, Mr. Krishnajyoti Deka, Advs. in IA/2850/2023 Mr. Arvind Nayar, Sr. Adv. with Mr. Prayaya Goyal,
Issues for consideration
2 issues framed by the court
Whether to grant interim orders regarding retention of possession, prevention of aircraft operation, and protection of aircraft parts in insolvency proceedings.
Whether to direct the Resolution Professional to refrain from removing engines or cannibalizing aircraft.
Parties & counsel
- applicant
Go Airlines (India) Limited
- respondent
Mr. Abhilash Lal
- applicant
SMBC Afro Engine Lease B.V.
- applicant
Bluesky 19 leasing Co. Ltd.
- applicant
Bluesky 31 leasing Co. Ltd.
- applicant
Case details
As recorded by the court registry
Similar cases
Judgements on the same questions, provisions and authorities, from every court