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.

5 October, 20231 min
0
In relief to lessors, moratorium under bankruptcy code no longer applies to aircraft, engines

You may also like

Business
Story image

Why Air India’s next CEO shouldn’t be an expat

Campbell Wilson is on his way out. Now chairman N. Chandrasekaran has to look for a replacement. But is an expat CEO the best choice?

Business
Story image

Growth alone isn’t enough, Waaree needs to do more

The solar module maker’s investors want proof of its durability in the face of a leadership change and a costly push into energy storage.

Business
Story image

Why IndusInd Bank promoter Ashok Hinduja was never really in the dark

As the private lender reeled from serial scandals, Hinduja insisted he was merely a shareholder. Board-level links, conflicts of interest and regulatory blind spots suggest otherwise.