This chapter explores the implications of the moratorium clause in the insolvency and bankruptcy code for creditors associated with airline companies, particularly lessors and suppliers. Case study of Go First exemplifies the issue and the attempts made by creditors to repossess their assets.
In today’s episode for 6th October 2023, we tell you why the government recently tweaked the Insolvency and Bankruptcy Code specifically for airlines and how it temporarily solves a long-lurking problem.
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