https://www.taxtmi.com/caselaws?id=442147 Interim directions in writ proceedings concerning leased aircraft were left substantially undisturbed because the core issues on the IBC moratorium, the lessors' rights under the Aircraft Rules, 1937, and the lease terms were still pending before the Single Judge. The HC declined to decide those substantive questions at the interlocutory stage, finding that the aircraft should be preserved from deterioration or cannibalisation until final adjudication. It made only a limited modification to permit the corporate debtor, through the resolution professional, to perform maintenance with due legal permissions, while allowing the lessors periodic monthly inspections. The writ petitions were directed to be decided expeditiously. en-us Wed, 12 Jul 2023 00:00:00 +0530 Sat, 26 Aug 2023 08:19:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442147 Interim directions in writ proceedings concerning leased aircraft were left substantially undisturbed because the core issues on the IBC moratorium, the lessors' rights under the Aircraft Rules, 1937, and the lease terms were still pending before the Single Judge. The HC declined to decide those substantive questions at the interlocutory stage, finding that the aircraft should be preserved from deterioration or cannibalisation until final adjudication. It made only a limited modification to permit the corporate debtor, through the resolution professional, to perform maintenance with due legal permissions, while allowing the lessors periodic monthly inspections. The writ petitions were directed to be decided expeditiously. Case-Laws Insolvency and Bankruptcy Wed, 12 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442147