Indian Government Alters Insolvency Rules, Protects Leased Aircraft

09 Oct 2023 CW Team

The Indian government has made significant amendments to its insolvency rules, aiming to shield leased aircraft from potential freezing during bankruptcy proceedings. This proactive move comes as a relief for aviation companies and lessors operating in India, providing a more secure environment for their valuable assets.

Under the revised regulations, leased aircraft will be excluded from the assets that can be frozen during insolvency proceedings. This means that in case of financial difficulties faced by an airline, the lessors' interests will be better protected, ensuring the continued operation and maintenance of these critical assets.

This development aligns with the broader goal of promoting the growth and stability of the aviation sector in India, which has faced several challenges in recent times, exacerbated by the global pandemic. By ensuring that leased aircraft remain operational and available for use, the government aims to bolster the resilience of the aviation industry.

These regulatory changes signal a more favourable environment for aviation leasing companies and should encourage further investment in the Indian aviation market, supporting its post-pandemic recovery.

Infrastructure Urban

10 Mar 2026

ABB to Invest Rs 6.25 Billion to Expand India Manufacturing

ABB recently announced plans to invest approximately Rs 6.25 billion ($75 million) in India during 2026 to expand its manufacturing footprint and research and development capabilities. The investment follows more than $35 million spent in 2025 and reflects the company’s continued focus on strengthening its ‘local-for-local’ strategy in the country.The investment will support ABB’s Electrification, Motion and Automation businesses and expand manufacturing capacity for infrastructure sectors such as renewable energy, metro rail, data centres and industrial applications. Approximately 300..

Six WOLFF Cranes Handle 60,000 m³ Concrete for German Hospital

Six WOLFF tower cranes are playing a key role in constructing a new hospital complex in Memmingen, Germany, supporting large-scale material handling for the project. The facility is being built on a 7.7-hectare site and will feature six floors, around 480 beds and a gross floor area exceeding 75,000 sq m.Building shell works began recently in February 2025. One WOLFF 6531.12 Cross crane supported early site preparation before being dismantled in autumn 2025, while five remaining cranes continue operations. Over an average deployment period of 16 months, the cranes are expected to move approxim..

REC Funds Rs 115.6 Million CSR Support for Bihar Eye Hospital

REC recently committed Rs 115.6 million under its Corporate Social Responsibility (CSR) programme for the procurement of clinical and non-clinical equipment at Sankara Eye Hospital in Saharsa, Bihar. The initiative aims to strengthen healthcare infrastructure and improve access to specialised eye care services in the region.A Memorandum of Agreement (MoA) was recently signed between Pradeep Fellows, Executive Director (CSR), REC Limited, and Wg Cdr V. Shankar (Retd), Trustee and Executive Director of Sankara Eye Hospital, at the REC office in the SCOPE Complex, New Delhi.The support is expecte..