De-registration of Jet Aircraft: NCLT Asks DGCA to Maintain Status Quo

The National Company Law Tribunal (NCLT) on Friday prevented the Directorate General of Civil Aviation (DGCA) from de-registering 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 bankruptcy tribunal 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 Friday, 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. Read More

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