Rajinder Narain represent AirCap in Air India winding up petition

Bar & Bench September 8 2009

Netherlands-based aircraft leasing company, AirCap has filed a petition in the Delhi High Court seeking the winding up of Air India. AirCap contends that Air India is unable to repay its debt of approximately Rs. 4.11 crore ($840,000), as rental and other charges for bringing back into operation two Airbus planes.

Mr. Ravi Nath, Partner, Rajinder Narain & Co filed the petition on behalf of the Dutch aircraft leasing company. Mr. Nath told Bar & Bench that Air India was contractually bound to return . . .

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