India: Leasing

A decade after the landmark AWAS ruling clarified aircraft deregistration rights under the Cape Town Convention, India has enacted the Aircraft Objects Act 2025. This analysis examines how the Delhi High Court's interpretation of IDERA mechanisms and creditor protections shaped India's aviation financing regime, particularly in light of the Go First insolvency crisis that exposed gaps between international treaty obligations and domestic insolvency law.

The Hon'ble NCLAT in a significant ruling, addressed the issue that has taken place recently which revolves around the matter of Corob India Pvt. Ltd. v. Mr. Birendra Kumar Agrawal...