HC directs DGCA to forthwith process applications of Go First’s lessors’ to deregister aircraft
New Delhi (PTI): The Delhi High Court on Friday directed the Directorate General of Civil Aviation (DGCA) to forthwith process the applications filed by several lessors for deregistration of their 54 planes so that they could take them back from the crisis-hit Go First airline.
The high court said the process shall be done in not later than five working days.
Justice Tara Vitasta Ganju also restrained the resolution professional (RP) appointed under the insolvency law to manage the airline, and its directors from moving or taking away the planes or spare parts, documents, records and any other material.
“DGCA shall forthwith and not later than five working days process the deregistration applications filed by the 54 aircrafts,” the court said.
The high court said the DGCA, AAI and its authorised representatives shall aid and assist the petitioner lessors and grant them access to the airports.
It said the lessors are permitted to export the aircraft as per the applicable rules and laws.
“DGCA shall facilitate export of aircraft by providing export certificates and all other documents,” it said.
The high court pronounced the judgement on petitions by several lessors seeking de-registration of their planes by aviation regulator DGCA so that they could take them back from the airline.
After pronouncement of the verdict, the counsel for some of the respondents urged the court to keep its directions in abeyance for a week.
However, the judge refused to do so and said "you find another court to put my directions in abeyance".
Several aircraft lessors of Go First had earlier approached the single judge seeking deregistration of their planes by aviation regulator DGCA so that they could take them back from the airline.
Earlier, the NCLT-appointed resolution professional, tasked with managing Go First, had told the high court that returning aircraft to the lessors will render the airline, which has 7,000 employees to look after "dead".
On May 10, 2023, the National Company Law Tribunal (NCLT) had admitted the airline’s voluntary insolvency resolution petition and appointed an interim resolution professional to manage the carrier.
With a moratorium in force on financial obligations and transfer of assets of Go First in the wake of the insolvency resolution proceedings, the lessors were unable to deregister and take back the aircraft leased to the carrier.
The lessors had earlier told the court that denial of deregistration by the DGCA was “illegitimate”.
Some of the lessors who have approached the high court are: Accipiter Investments Aircraft 2 Limited, EOS Aviation 12 (Ireland) Limited, Pembroke Aircraft Leasing 11 Limited, SMBC Aviation Capital Limited, SFV Aircraft Holdings IRE 9 DAC Ltd, ACG Aircraft Leasing Ireland Ltd and DAE SY 22 13 Ireland Designated Activity Company.
Besides, GY Aviation Lease 1722 Co Ltd, Jackson Square Aviation Ireland Ltd, Sky High XCV Leasing Company Ltd, Star Rising Aviation 13 Ltd, Bluesky 31 Leasing Company Ltd and Bluesky 19 Leasing Company Ltd have also approached the high court.
Go First stopped flying from May 3, 2023.
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Rahul, Congress tried since 2002 to target Modi's image, PM's credibility remains high: BJP
New Delhi (PTI): The BJP on Thursday dubbed Rahul Gandhi's attack on Prime Minister Narendra Modi over the US prosecutors' indictment of Gautam Adani on alleged bribery and fraud charges as part of his long-running efforts to target its leader, and noted that none of the four states named in American courts had a BJP government.
Addressing a press conference, BJP spokesperson and MP Sambit Patra made it clear that as far as allegations against the Adani group are concerned it is for the company to issue a clarification and defend itself.
"Law will take its own course," he said, while keeping the focus on Gandhi's allegations against the prime minister and the BJP government at the Centre.
Since 2002, Rahul Gandhi, his mother Sonia Gandhi and the Congress have been trying to tarnish Modi's image, but they have not succeeded and the prime minister received the highest civilian award in a foreign country on a day the opposition party was attacking him, the BJP leader said.
Rahul Gandhi claimed in his press conference that the opposition has been successful in destroying Modi's credibility over his alleged proximity to the business tycoon.
Citing the Adani group's investment in various states ruled by the Congress and its allies, Patra noted that it invested Rs 25k crore and Rs 65k crore in Chhattisgarh and Rajasthan when Bhupesh Baghel and Ashok Gehlot were at the helm there respectively.
The conglomerate invested Rs 45k crore in the DMK-ruled Tamil Nadu and had recently given Rs 100 crore donation to Telangana Chief Minister Revanth Reddy for a skill development foundation, he added.
If Adani is "corrupt", then why are the Congress governments seeking investment from his company, he asked.
The billionaire industrialist has been charged by US prosecutors for allegedly being part of a scheme to pay over USD 250 million (about Rs 2,100 crore) bribe to Indian officials in exchange of favourable terms for solar power contracts.
This was concealed from the US banks and investors from whom the Adani group raised billions of dollars for the project, the prosecutors have alleged. US law allows pursuing foreign corruption allegations if they involve certain links to American investors or markets.
The Adani group, however, has denied the charges.
The Congress, Patra alleged, cannot tolerate the Indian economy gaining in strength with Modi as prime minister, as it is now on track to become the third biggest global economy.
Rahul Gandhi has been trying to target the Indian economy by making all kinds of allegations, and over 2.5 crore investors even on Thursday lost a lot of money as the stock market tanked, he said.
The Congress leader targeted the government over the alleged corruption in the Rafale aircraft deal and had also gone after it over the issue of Covid vaccines, he added.
Patra also objected to Gandhi's claim that his party has to do the job of the judiciary as well, saying it amounted to contempt of court. Gandhi does not understand legalities and technicalities around an issue and merely repeats what he is briefed by a few advisors, he added.
The Leader of Opposition in Lok Sabha will now start a "drama" when Parliament's Winter session begins from November 25 and try to disrupt its proceedings and target the economy, he claimed.
