In May 2023, Go First went bankrupt, but leasing companies couldn’t take back the planes due to a legal restriction under the Insolvency and Bankruptcy Code, 2016. SMBC Aviation Capital, the world’s second-largest aircraft lessor, voiced concerns about the impact on the aviation industry’s confidence, especially as India was acquiring many new planes. In October… Continue reading “India’s Bankruptcy Law Overhaul: Revolutionizing Aviation Industry and Leasing Rights”
Category: Bankruptcy Laws
Mitra R Ratnani & Co.
Practising Company Secretaries
Mitra is a Practising Company Secretary and a lawyer and has a decent experience in the field of Corporate Law. He is professionally sound and his dedication in taking initiative & contribution to his clients has proven him helpful in the establishment of his firm.