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

How Ras Al Khaimah became the UAE’s next big thing

After Dubai and Abu Dhabi, the quiet emirate is emerging as a new engine—powered by tourism, real estate and a landmark Wynn casino.

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.