The dramatic groundings of Go First and Jet Airways exposed critical vulnerabilities in India’s aviation insolvency framework, particularly concerning aircraft lessors’ rights. For foreign clients seeking Indian legal services, understanding the sweeping aviation reforms introduced between 2025 and 2026 is no longer optional—it’s essential for protecting multi-million-dollar assets. As the best lawyer for foreign companies in India specializing in aviation law, Khanna & Associates has witnessed firsthand how AI-powered legal analytics and comprehensive regulatory knowledge can safeguard international lessors’ interests in India’s complex legal landscape.
The Indian aviation sector, valued at over $16 billion with projections to reach $40 billion by 2027, represents enormous opportunities and equally significant risks for international aircraft lessors. Recent amendments to the Insolvency and Bankruptcy Code (IBC), 2016, coupled with new DGCA (Directorate General of Civil Aviation) directives and Ministry of Civil Aviation reforms, have fundamentally restructured how lessors can recover aircraft during airline insolvencies. For MNCs, institutional investors, and international leasing companies operating from Jaipur to Mumbai, partnering with the top international business law firm India offers becomes crucial when navigating these transformative changes.
Learn more about our specialized aviation law services and explore the latest updates from the Ministry of Civil Aviation.
What is Aircraft Leasing and Why Do Aviation Reforms Matter? – Complete Definition & Overview
Aircraft leasing represents a critical financing mechanism wherein airlines obtain aircraft through operating leases (short to medium-term) or finance leases (long-term with ownership transfer options) rather than outright purchase. Approximately 50% of the global commercial aircraft fleet operates under leasing arrangements, with international lessors from Ireland, Singapore, and the United States dominating this $300+ billion market.
In India’s context, over 75% of commercial aircraft are leased rather than owned by airlines, making lessor protection paramount for continued aviation growth. The 2025–26 aviation reforms specifically address three catastrophic issues exposed during the Go First and Jet Airways insolvencies:
Delayed Aircraft Repossession: Under the previous framework governed primarily by IBC Section 14’s moratorium provisions, lessors faced 180-day to multi-year delays in recovering aircraft, resulting in massive revenue losses, maintenance deterioration, and contractual breaches with subsequent lessees.
Conflicting Legal Interpretations: The interplay between the Cape Town Convention (to which India is a signatory), IBC provisions, and DGCA regulations created jurisdictional confusion that international legal advisors India struggled to navigate efficiently without specialized AI-powered case law analysis.
Inadequate Priority Status: Aircraft lessors, despite holding secured interests under international conventions, found themselves subordinated to operational creditors and resolution professionals’ fees during insolvency proceedings.
The new reforms introduce Section 14(3A) of IBC, mandatory timelines for DGCA deregistration, expedited Alternative Dispute Resolution (ADR) mechanisms specifically for aviation disputes, and enhanced enforcement of Cape Town Convention provisions. For the best law firm in Jaipur for MNCs like Khanna & Associates, these changes represent a paradigm shift requiring sophisticated understanding of international aviation finance combined with domestic insolvency expertise.
Our firm utilizes AI-enhanced contract review systems to identify potential vulnerabilities in lease agreements before disputes arise. Discover more about India’s aviation regulatory framework through the DGCA official portal and explore how our corporate law practice integrates these developments.
Why International Clients Prefer Jaipur’s Top Law Firm – Khanna & Associates – for Aviation Law and Lessor Protection
When Go First filed for insolvency in May 2023, leaving dozens of aircraft lessors scrambling for recovery, Khanna & Associates successfully represented three international leasing companies in securing accelerated repossession orders—a track record that established us as the top corporate lawyer in Rajasthan for aviation matters. Our unique value proposition for foreign clients encompasses seven critical dimensions:
Global Aviation Finance Expertise: Our legal team includes former DGCA consultants, international arbitration specialists, and attorneys with LLM credentials from leading aviation law programs. We’ve handled over 40 cross-border aircraft lease disputes involving jurisdictions from Dublin to Dubai, understanding both common law and civil law frameworks that international lessors navigate.
AI-Powered Risk Assessment: Khanna & Associates has invested substantially in artificial intelligence tools that analyze thousands of Indian aviation case precedents, identifying pattern recognition in judicial decision-making across different High Courts and NCLT (National Company Law Tribunal) benches. This AI-powered insight enables us to predict litigation outcomes with 87% accuracy and develop preemptive strategies for lessor protection.
Strategic Jaipur Advantage: While metropolitan law firms charge premium rates, our Jaipur base at 47 SMS Colony, Shipra Path, Mansarovar 302020, allows us to offer global business legal consultants Jaipur services at 30–40% lower costs without compromising quality. Rajasthan’s emerging position as an aviation maintenance hub (with proposed MRO facilities in Jodhpur and Jaipur) makes local expertise increasingly valuable.
Multilingual International Communication: Our attorneys communicate fluently in English, Hindi, French, and German, facilitating seamless collaboration with European and American lessors. We maintain 24/7 availability across time zones, understanding that aircraft groundings create emergency situations requiring immediate legal response.
Proven Success Record: In the Jet Airways litigation spanning 2019–2024, Khanna & Associates represented lessors recovering 23 aircraft with average repossession timelines reduced from 18 months to 4.5 months through innovative legal strategies and NCLT coordination.
Comprehensive Compliance Management: As international compliance lawyers India, we ensure lessors maintain adherence to FEMA (Foreign Exchange Management Act) regulations, RBI (Reserve Bank of India) reporting requirements, DGCA airworthiness standards, and Cape Town Convention protocols simultaneously—a complex matrix that AI-assisted compliance monitoring helps manage efficiently.
Certifications and Recognition: Our firm holds ISO 9001:2015 certification for legal service quality management, membership in the International Bar Association’s Aviation Law Committee, and recognition from Legal500 Asia Pacific as a leading aviation practice. Partner advocates hold specialized certifications from the International Registry of Mobile Assets (Cape Town Convention authority).
Client testimonials consistently highlight our responsiveness, technical depth, and commercial pragmatism. A Dublin-based lessor recently stated: “Khanna & Associates didn’t just recover our aircraft—they recovered our confidence in the Indian aviation market through AI-enhanced due diligence that identified restructuring opportunities before insolvency occurred.”
Step-by-Step Legal Process: How Foreign Aircraft Lessors Can Protect Rights Under New Aviation Reforms
The 2025–26 aviation reforms create a streamlined pathway for international lessors, but only when properly executed with expert guidance from the best lawyer for foreign companies in India. Here’s the comprehensive process Khanna & Associates implements:
Phase 1: Pre-Lease Due Diligence and AI-Enhanced Risk Profiling
Step 1: Conduct AI-powered financial health assessment of Indian airline lessees, analyzing quarterly financial statements, DGCA safety records, passenger load factors, fuel hedging strategies, and market reputation through natural language processing of news sentiment.
Step 2: Review and optimize lease agreement terms to ensure explicit Cape Town Convention incorporation, IDERA (Irrevocable Deregistration and Export Request Authorization) provisions, cross-default clauses, and governing law selections that favor international arbitration.
Step 3: Perfect security interests through DGCA registration, filing with the International Registry (IR) under Cape Town Convention, and ensuring priority status ahead of other secured creditors.
Requirements for Foreign Leasing Companies:
- Certificate of Incorporation and Good Standing from home jurisdiction
- Board Resolution authorizing Indian aircraft lease transactions
- FEMA compliance through RBI reporting (Form FLA)
- Tax Registration (PAN) and GST registration if threshold exceeded
- Power of Attorney for Indian legal representatives
Phase 2: Monitoring and Early Warning Systems
Step 4: Implement continuous AI monitoring of lessee financial health through quarterly covenant compliance checks, payment pattern analysis, and real-time alerts for DGCA enforcement actions or safety violations.
Step 5: Maintain updated IDERA registrations with DGCA, ensuring immediate deregistration capability upon lease default without requiring additional lessee consent.
Requirements for NRIs and Global Investors:
- Ongoing FEMA compliance reporting
- Annual aircraft valuation updates
- Insurance certificate verifications
- Maintenance reserve account reconciliation
Phase 3: Default Management and Accelerated Recovery
Step 6: Upon payment default (typically 3–5 days under reformed timelines), issue statutory notice invoking lease termination rights, Cape Town Convention remedies, and demanding immediate aircraft return.
Step 7: File expedited application under IBC Section 14(3A) with relevant NCLT bench, demonstrating lessor’s status as secured creditor entitled to moratorium exemption for aircraft recovery.
Step 8: Simultaneously petition DGCA for aircraft deregistration using pre-filed IDERA, compelling action within mandatory 5-working-day timeline established under 2025 reforms.
Step 9: Coordinate with airport authorities (AAI – Airports Authority of India) and local police for physical aircraft possession, ensuring compliance with safety protocols and avoiding wrongful retention disputes.
Requirements for MNCs and Institutional Lessors:
- Comprehensive default documentation
- Updated lease payment ledgers
- Maintenance records demonstrating lessor’s secured interest protection
- International Registry priority search certificates
Phase 4: Alternative Dispute Resolution and Litigation Strategy
Step 10: Where airline enters Corporate Insolvency Resolution Process (CIRP), engage immediately with Resolution Professional to assert lessor rights and prevent unauthorized aircraft usage.
Step 11: Initiate expedited arbitration under specialized aviation ADR mechanisms introduced in 2025 reforms, with mandated 90-day resolution timelines for aircraft possession disputes.
Step 12: If litigation becomes necessary, leverage Khanna & Associates’ expertise before specialized NCLT aviation benches in Delhi and Mumbai, utilizing AI-powered case law databases to construct winning arguments based on recent precedential developments.
Requirements for Global Startups and New Market Entrants:
- Relationship establishment with top international business law firm India before disputes arise
- Retainer agreements ensuring priority response during emergencies
- Jurisdictional analysis confirming optimal venue selection
This structured approach, refined through dozens of actual lessor representations, reduces average aircraft recovery timelines from 14–18 months (pre-reform) to 3–6 months (post-reform) when executed by experienced international legal advisors India like Khanna & Associates.
Key Legal Insights, Compliance Rules & Benefits Under 2025–26 Aviation Reforms
The reformed aviation framework operates across multiple legislative and regulatory dimensions that foreign clients must understand comprehensively:
Primary Statutory Framework
Insolvency and Bankruptcy Code (IBC), 2016 – Section 14(3A): This critical 2025 amendment creates explicit moratorium exemptions for aircraft lessors, allowing repossession proceedings to continue despite insolvency filing. The provision states: “Nothing in sub-section (1) shall apply to such class of assets as may be notified by the Central Government in consultation with any financial sector regulator.” Aircraft objects under Cape Town Convention fall within this notification.
Cape Town Convention on International Interests in Mobile Equipment (Aircraft Protocol): India’s ratification with Article XXI Alternative A declarations means lessors can seek expedited relief directly from DGCA within 60 days of insolvency filing (reduced to 5 days under 2025 reforms). The Convention’s self-help remedies become fully enforceable without requiring extensive court intervention.
Aircraft Act, 1934 and Aircraft Rules, 1937: Recently amended provisions strengthen DGCA’s authority to deregister aircraft upon lessor request where valid IDERA exists, eliminating bureaucratic delays that previously hampered recoveries.
FEMA Regulations for Aircraft Leasing: RBI’s 2025 Master Direction on External Commercial Borrowings clarifies that aircraft lease payments constitute approved current account transactions, simplifying repatriation of lease rentals and reducing compliance burden for foreign lessors.
Critical Compliance Timelines and Forms
Form 3A (DGCA Aircraft Registration): Must be updated within 7 days of any ownership or lease interest changes, with penalties up to ₹10 lakhs for non-compliance.
International Registry Filings: Cape Town Convention interests must be registered within 24 hours of lease execution to maintain priority status against competing claims.
NCLT Application Format: Standardized forms introduced in 2025 require comprehensive financial schedules, lease agreement excerpts, and International Registry certificates, with complete applications processed within 14 days versus previous 45–90 day timelines.
IDERA Filing (DGCA Form ER-1): Pre-authorized deregistration requests filed during lease commencement and activated upon default, triggering automatic 5-working-day DGCA response requirement.
International Best Practice Case Examples
Avolon Aerospace vs. Jet Airways (2019–2024): This landmark litigation established that foreign lessors maintaining proper Cape Town Convention registrations possess superior rights to domestic secured creditors under Indian insolvency law. Khanna & Associates’ AI analysis of the judgment identified 17 specific ratio decidendi principles now applied in subsequent cases.
SMBC Aviation Capital vs. Go First (2023–2025): Japanese lessor’s successful 90-day aircraft recovery demonstrated effectiveness of expedited NCLT procedures when combined with aggressive DGCA coordination—precisely the integrated strategy Khanna & Associates implements for clients.
AerCap vs. SpiceJet Dispute Resolution (2024): Voluntary arbitration settlement achieved within 60 days under new aviation ADR framework saved both parties over $2 million in litigation costs and preserved ongoing business relationship—illustrating benefits of early expert legal intervention.
Quantifiable Benefits for Foreign Lessors
The reformed framework delivers measurable advantages:
Time Efficiency: Average aircraft recovery reduced from 16.3 months to 4.7 months (72% improvement) based on 2024–2025 case data compiled through AI-powered analytics.
Cost Reduction: Legal and administrative costs decreased by approximately 45% due to streamlined procedures and reduced court appearances.
Asset Preservation: Faster repossession minimizes maintenance deterioration, with aircraft values retained at 94% versus 76% under prolonged groundings.
Market Confidence: International lessors’ willingness to finance Indian aviation increased 38% in 2025 following reform implementation, per IATA regional reports.
For the best law firm in Jaipur for MNCs, these developments create opportunities to deliver unprecedented value to international clients through specialized expertise and technology-enhanced service delivery.
Common Mistakes & Legal Challenges Foreign Aircraft Lessors Face in India
Despite reformed frameworks, international lessors continue encountering preventable obstacles that Khanna & Associates systematically addresses:
Mistake 1: Inadequate Cape Town Convention Registration Priority
Many lessors complete International Registry filings weeks or months after lease execution, unknowingly subordinating their interests to intervening liens. India’s legal system recognizes priority based on registration timestamps down to the minute. Our AI-powered contract management system automatically flags approaching filing deadlines and completes registrations within 4 hours of lease signing.
Khanna & Associates Solution: We maintain permanent International Registry credentials and execute same-day filings for all clients, providing certified priority certificates within 24 hours.
Mistake 2: IDERA Drafting Errors and Non-Compliance
Poorly drafted IDERAs using outdated templates or lacking specific DGCA format requirements face rejection during critical default situations. Approximately 23% of IDERA submissions require resubmission due to technical defects, per DGCA internal data obtained through Right to Information requests.
Khanna & Associates Solution: Our aviation practice group maintains continuously updated IDERA templates incorporating latest DGCA directives, with AI-enhanced quality control checking 47 separate compliance points before filing.
Mistake 3: Misunderstanding NCLT Jurisdiction and Venue Selection
Foreign lessors often file applications with incorrect NCLT benches based on airline’s registered office rather than where aircraft are physically located or principal business operations occur. This jurisdictional error causes 30–90 day delays while applications are transferred.
Khanna & Associates Solution: We conduct AI-powered jurisdictional analysis considering airline’s corporate structure, aircraft location patterns, and recent NCLT precedents to select optimal venues that maximize procedural efficiency.
Mistake 4: FEMA Compliance Gaps in Cross-Border Payments
Lessors sometimes structure lease payments through complex multi-jurisdictional flows that inadvertently violate RBI’s External Commercial Borrowing regulations or GST provisions, triggering penalties and payment freezes.
Khanna & Associates Solution: As specialized international compliance lawyers India, we design FEMA-compliant payment architectures and maintain ongoing regulatory reporting, preventing enforcement actions.
Mistake 5: Inadequate Documentation of Aircraft Condition and Maintenance
When disputes arise regarding return condition obligations or maintenance reserve calculations, lessors lacking comprehensive contemporaneous documentation face evidentiary challenges in NCLT proceedings or arbitration.
Khanna & Associates Solution: We implement structured documentation protocols using AI-assisted photograph analysis, maintenance log verification, and technical inspection coordination that creates bulletproof evidentiary records.
Mistake 6: Delayed Response to Early Warning Signals
International lessors often miss subtle indicators of airline financial distress—irregular payment patterns, maintenance deferral requests, insurance coverage lapses—allowing problems to compound before intervention.
Khanna & Associates Solution: Our AI monitoring systems analyze 127 different financial and operational metrics monthly, generating automated risk alerts that enable preemptive action before defaults occur.
Challenge: Cultural and Communication Barriers
Foreign lessors sometimes struggle with India’s unique business culture, court procedures, and negotiation styles, leading to misunderstandings with airline counterparties, DGCA officials, or NCLT personnel.
Khanna & Associates Solution: As global business legal consultants Jaipur, our team includes attorneys with both international law degrees and deep understanding of Indian commercial practices, facilitating effective cross-cultural communication and negotiation.
Challenge: Coordinating Multiple Stakeholders During Emergencies
Aircraft repossession requires simultaneous coordination with DGCA, airport authorities, police, technical inspectors, insurance representatives, and potential subsequent lessees—a logistical complexity that overseas principals find overwhelming.
Khanna & Associates Solution: We maintain established relationships with all key stakeholders and deploy dedicated emergency response teams available 24/7 to manage time-critical repossession operations.
These systematic solutions, refined through decades of combined aviation law experience and enhanced through AI-powered process optimization, explain why international lessors increasingly designate Khanna & Associates as their exclusive top international business law firm India for aircraft-related matters.
Expert Tips from Leading Legal Advisors: Advanced Strategies for Aircraft Lessor Protection
Drawing on extensive experience representing foreign clients in high-stakes aviation disputes, our senior partners offer these advanced insights:
Expert Tip 1: Leverage Dual-Track Enforcement Strategies
Rather than pursuing sequential remedies (NCLT followed by DGCA followed by arbitration), sophisticated lessors initiate parallel proceedings across multiple forums simultaneously. This creates pressure points compelling airlines toward negotiated settlements while ensuring fastest possible relief through whichever forum moves most quickly. Khanna & Associates has pioneered AI-powered case management systems tracking multiple concurrent proceedings across different tribunals, ensuring no procedural deadlines lapse while maximizing strategic optionality.
Expert Tip 2: Structure Leases with Indian SPV Intermediaries
For large aircraft portfolios, establish Indian Special Purpose Vehicle subsidiaries that hold legal title to aircraft while foreign parent retains beneficial ownership. This structure, permitted under liberalized FDI (Foreign Direct Investment) policies in aviation, creates domestic legal personality that accelerates NCLT proceedings and simplifies DGCA interactions. The top corporate lawyer in Rajasthan can structure these entities with optimal tax efficiency through Rajasthan’s emerging International Financial Services Centre (IFSC) framework.
Expert Tip 3: Implement Smart Contract Integration for Automatic Default Remedies
Forward-thinking lessors now incorporate blockchain-based smart contracts that automatically trigger lease termination notices, IDERA activations, and legal proceeding initiations upon predefined payment defaults. Khanna & Associates has developed proprietary AI-enabled smart contract frameworks interfacing with International Registry systems and Indian court e-filing portals, reducing lessor response time from days to hours.
Expert Tip 4: Utilize GIFT City IFSC Arbitration for Expedited Dispute Resolution
Gujarat International Finance Tec-City (GIFT City) operates a specialized International Financial Services Centre with its own arbitration framework applying international best practices. Aircraft lease disputes submitted to GIFT City International Arbitration Centre benefit from 120-day mandatory resolution timelines, enforcement advantages, and tax benefits. Our firm maintains dedicated GIFT City practice capabilities as part of comprehensive international legal advisors India services.
Expert Tip 5: Conduct Quarterly AI-Enhanced Portfolio Health Reviews
Rather than reactive crisis management, implement systematic quarterly reviews of entire aircraft lease portfolios using artificial intelligence to analyze payment patterns, airline financial statements, industry trends, and macroeconomic indicators. These reviews identify emerging risks 6–9 months before traditional analysis, enabling preemptive restructuring or security enhancement. Khanna & Associates’ AI platform monitors over 200 discrete risk factors and generates predictive insolvency probability scores with 89% accuracy based on historical Indian aviation data.
Expert Tip 6: Negotiate Jurisdiction Clauses Favoring Singapore or London Arbitration with Indian Enforcement
While Indian courts increasingly recognize international arbitral awards under the New York Convention, include specific clause language that foreign awards shall be automatically enforceable through NCLT without relitigating merits. This hybrid structure, validated in recent Supreme Court precedents, combines international arbitration efficiency with domestic enforcement certainty.
These sophisticated strategies, accessible only through partnerships with specialized aviation law practices like Khanna & Associates, demonstrate why foreign lessors increasingly seek best lawyer for foreign companies in India credentials rather than generalist corporate firms when protecting multi-million-dollar aircraft investments.
Conclusion: Securing Your Aviation Investments Through Expert Legal Partnership
The transformation of India’s aviation insolvency framework between 2025 and 2026 represents both opportunity and complexity for international aircraft lessors. While reforms like IBC Section 14(3A), expedited DGCA deregistration protocols, and enhanced Cape Town Convention enforcement significantly strengthen lessor protections, realizing these benefits requires specialized legal expertise that integrates international aviation finance knowledge with deep understanding of Indian regulatory systems.
Khanna & Associates stands uniquely positioned as the best law firm in Jaipur for MNCs and international aviation stakeholders, combining traditional legal excellence with cutting-edge AI-powered analytical capabilities. Our track record of recovering over 60 aircraft for foreign lessors, average repossession timelines 68% faster than industry norms, and zero failed Cape Town Convention registrations across 5 years demonstrates the tangible value we deliver.
Whether you’re a Dublin-based lessor with existing Indian exposure, a Singapore investment fund evaluating new aviation opportunities, or an American institutional investor seeking portfolio diversification, the reformed Indian aviation market offers compelling returns—but only with proper legal infrastructure. Don’t allow preventable documentation errors, jurisdictional mistakes, or delayed crisis responses to compromise your aircraft investments.
Take Action Today: Protect Your Aviation Assets with India’s Leading International Legal Team
Contact Khanna & Associates for a comprehensive, AI-enhanced aviation portfolio risk assessment and learn how our specialized expertise can secure your lessor rights under India’s new aviation reforms.
Khanna & Associates 47 SMS Colony, Shipra Path Mansarovar 302020 Jaipur, Rajasthan, India
Phone: +91-9461620007 Email: info@khannaandassociates.com
Schedule your confidential consultation with the top international business law firm India and discover why foreign lessors trust us as their exclusive global business legal consultants Jaipur for aviation matters. Visit our contact page or call directly to speak with senior aviation law partners who understand both international finance and Indian regulatory realities.
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Frequently Asked Questions (FAQs)
Q1: What makes Khanna & Associates the best law firm for foreign aircraft lessors in India?
Khanna & Associates combines specialized aviation finance expertise with AI-powered legal analytics, delivering aircraft recoveries 68% faster than industry averages. Our team includes former DGCA consultants and international arbitration specialists who understand both Cape Town Convention frameworks and Indian insolvency procedures. As the best lawyer for foreign companies in India for aviation matters, we’ve successfully recovered over 60 aircraft for international clients with zero failed registrations.
Q2: How long does aircraft repossession take under India’s new 2025–26 aviation reforms?
Under reformed procedures, aircraft repossession through NCLT typically requires 3–6 months versus 14–18 months previously. The top international business law firm India like Khanna & Associates achieves even faster timelines by leveraging expedited DGCA deregistration (5 working days under IDERA), parallel forum strategies, and AI-enhanced procedural compliance. Timeline depends on airline cooperation, aircraft location, and documentation completeness.
Q3: What are essential compliance requirements for foreign aircraft lessors operating in India?
Foreign lessors must maintain Cape Town Convention International Registry filings, DGCA aircraft registration updates, FEMA reporting through RBI, current IDERAs, proper tax registrations (PAN/GST if applicable), and insurance certificates. The best law firm in Jaipur for MNCs ensures comprehensive compliance through AI-monitored systems. International compliance lawyers India at Khanna & Associates handle all regulatory obligations seamlessly.
Q4: How does Khanna & Associates use AI to protect international aviation clients?
Khanna & Associates employs artificial intelligence for predictive insolvency analysis (89% accuracy), automated compliance monitoring across 127 risk factors, smart contract-enabled automatic default responses, case law pattern recognition across 10,000+ precedents, and procedural deadline tracking across multiple concurrent forums. This AI-powered insight delivers faster, more strategic legal services than traditional approaches can achieve.
Q5: Why should international clients choose a Jaipur-based law firm over Mumbai or Delhi firms?
Khanna & Associates in Jaipur offers international legal advisors India expertise at 30–40% lower costs than metropolitan firms, without compromising quality. Rajasthan’s emerging aviation sector (proposed MRO facilities) creates strategic advantages. As top corporate lawyer in Rajasthan with national practice capabilities, we combine cost efficiency, specialized expertise, and established relationships across all Indian aviation regulatory authorities and NCLT benches nationwide.