Go First lessor allowed to check engines

The National Company Law Appellate Tribunal (NCLAT) on Friday allowed Go First airline's engine lessor, Engine Lease Finance BV, to inspect its four engines in aircraft used by the grounded airline.

- Krishna Yadav

This decision modified the NCLT's 26 July order, which permitted Go First to use the leased aircraft, and noted that it does not approve the part of the NCLT order that restrained the lessor from inspecting the engines.

The NCLAT instructed the NCLT to promptly dispose of the matter. The court also directed the resolution professional (RP) to set a date for inspection within 10 days.

During the hearing, the lawyer representing the engine lessor, Anandh Venkatramani, said though the RP had informed them on 5 June that engines could be inspected he had not allowed the inspection till date.

Venkatramani emphasized the need to inspect the engines, each valued at $15 million, as they are sophisticated and crucial machinery.