This article seeks to analyze the rationale and implications of the change to the aviation sector through the lens of the IBC.

A court of law that cannot ensure compliance to its orders is a mere courthouse of brick and mortar.

Not only did the NCLT decision disallow the repossession of aircraft by the lessor, but it also projected India as a risky jurisdiction.

The article demonstrates that a foreign arbitral award can be enforced by a financial creditor in India under Section 7 of the IBC.

The recognition of consent terms under the IBC represents a significant development in the Indian insolvency regime.

This article aims to elucidate the provisions pertaining to reverse CIRP under the IBC.