In relief to lessors, moratorium under bankruptcy code no longer applies to aircraft, engines
Notification issued by MCA exempts such assets to better align with global treaty protecting lessors’ rights to repossess high-value equipment in cases of default.

Subscribe to read this story
We publish over 500 original, detailed stories every year on startups, corporates, stock markets and economic current affairs.
$99 for one year
Not ready to subscribe? Sign up for a free account
We value our free readers. Read 100+ stories every year.
More in
You may also like
An uneventful Reliance AGM that could not have been otherwise
Everyone seems to be disappointed with the company’s annual general meeting. With hands full and businesses that need further nurturing, this was not the time for big-bang announcements. And so it was.
The other challenge that Rajiv Anand faces at IndusInd Bank
High levels of attrition, a leadership coterie and allegations of a toxic work culture combine to give the new CEO an HR headache—one that he must tackle with little help from the RBI.
The curious case of CIAN Agro’s unprecedented stock surge
In the absence of disclosures, the company won’t explain its sudden rise in income, expenses and profits over the last financial year. We offer some clues.