We’re Acuity Law, founded in November 2011 by Souvik Ganguly. We’re a team of young and energetic lawyers and professionals who love what we do.
We work with a wide range of clients on India law matters – from Indian and multinational companies to banks, funds, and financial institutions. We also advise company founders, management teams, international law firms, investment banks, financial advisors, and government agencies on different kinds of transactions.
The Ministry of Corporate Affairs by notification dated 03 October 2023 (read here) exempted transactions, arrangements or agreements relating to aircraft, aircraft engines...
The Ministry of Corporate Affairs by notification dated 03
October 2023 (readhere) exempted
transactions, arrangements or agreements relating to aircraft,
aircraft engines, airframes and helicopters under the Cape Town
Convention and Protocol from the moratorium provisions of the
Insolvency and Bankruptcy Code, 2016.
This notification will allow the aircraft lessors to reclaim the
possession of their leased aircraft / equipment which is in the
possession of a corporate debtor during a moratorium.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
