Download or read book Taxmann's Analysis | Clear Skies Ahead – Boosting India's Aviation Industry by Exempting it from Moratorium Norms under IBC written by Taxmann and published by Taxmann Publications Private Limited. This book was released on 2023-10-07 with total page 11 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Ministry of Corporate Affairs vide Notification No. S.O. 4321(E)., Dated 03.10.2023 has announced that the provisions of a "moratorium" under the IBC will no longer cast their shadow over transactions, arrangements, or agreements pertaining to aircraft, aircraft engines, airframes, and helicopters, as governed by the Convention and the Protocol. This article delves into the key rationale for the exemption from ‘moratorium’ provisions, the impact of Go First’s Insolvency on the Aviation Industry’s moratorium decision and how India’s aviation laws align with International Standards.