The bankruptcy tribunal on July 5 prevented the Directorate General of Civil Aviation (DGCA) from deregistering a Jet Airways Boeing 777 plane which is under the possession of a Dutch cargo services provider who seized it in April to recover dues.
After the airline was taken to NCLT for bankruptcy last month, the Dutch company moved an application to the DGCA seeking to de-register the aircraft.
When the NCLT resumed hearing the Jet case on July 5, the RP sought a direction to DGCA against de-registration of the plane as it is under the moratorium period of bankruptcy process.
The location of the plane is not known immediately.
Weeks before officially announcing the shuttering of its operations on April 17, a logistics vendor had taken possession of a Jet aircraft--a Boeing 777--at the Amsterdam airport for non-payment of dues. Later the vendor took Jet to a Dutch district court seeking bankruptcy proceedings.
Later in May, the said court in the Netherlands ordered liquidation of the airline. Following this, after the domestic lenders filed for bankruptcy of the airline on June 17, the Dutch vendor's counsel approached the NLCT and unsuccessfully sought to be impleaded in the case.
On July 5, agreeing to the RP's plea against de- registration, the tribunal comprising VP Singh and Ravikumar Duraisamy said before passing an order on the matter they want to hear DGCA and asked the RP to send notices to the DGCA seeking its reply.
05/07/19 PTI/Moneycontrol.com
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After the airline was taken to NCLT for bankruptcy last month, the Dutch company moved an application to the DGCA seeking to de-register the aircraft.
When the NCLT resumed hearing the Jet case on July 5, the RP sought a direction to DGCA against de-registration of the plane as it is under the moratorium period of bankruptcy process.
The location of the plane is not known immediately.
Weeks before officially announcing the shuttering of its operations on April 17, a logistics vendor had taken possession of a Jet aircraft--a Boeing 777--at the Amsterdam airport for non-payment of dues. Later the vendor took Jet to a Dutch district court seeking bankruptcy proceedings.
Later in May, the said court in the Netherlands ordered liquidation of the airline. Following this, after the domestic lenders filed for bankruptcy of the airline on June 17, the Dutch vendor's counsel approached the NLCT and unsuccessfully sought to be impleaded in the case.
On July 5, agreeing to the RP's plea against de- registration, the tribunal comprising VP Singh and Ravikumar Duraisamy said before passing an order on the matter they want to hear DGCA and asked the RP to send notices to the DGCA seeking its reply.
05/07/19 PTI/Moneycontrol.com
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