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REPOSSESSIONS
UK court orders SpiceJet to pay $8 million to engine lessor over unpaid duesA UK judiciary has ruled that SpiceJet owes Sunbird France 02 SAS nearly $8 million for missed rent and upkeep on three aircraft engines. T...09 Apr, 2026, 05.36 PM IST- Car repossessions hit 15-year high in America — experts warn this could signal a looming recessionCar repossessions US recession warning: Car repossessions in the United States have reached a 15-year high. Over 2.2 million vehicles were ...29 Oct, 2025, 07.41 PM IST
- Global aircraft financiers flag issues with India's repossession draft ruleThe draft, which seeks to implement the Cape Town Convention (CTC), makes it mandatory for creditors-through the Irrevocable De-registratio...03 Oct, 2025, 10.04 AM IST
- Cabinet approves bill making repossession easier for aircraft lessorsThe union cabinet approved the Protection and Enforcement of Interests in Aircraft Objects Bill, allowing lessors to repossess aircraft in ...16 Jan, 2025, 11.35 PM IST
- Lessors to repossess all 54 Go First aircraft as DGCA deregisters themThe Delhi High Court had on April 26 directed the Directorate General of Civil Aviation (DGCA) to process the deregistration applications o...02 May, 2024, 07.38 AM IST
- Aviation leasing watchdog issues warning to India over plane repossessionsThe move from the Aviation Working Group (AWG), a UK-based entity that monitors leasing and financing laws on behalf of planemakers and les...12 May, 2023, 01.34 PM IST
- India to decide on Go First bankruptcy, lessors seeking planes fear impactGo Airlines (India), recently rebranded as Go First and the country's fourth-largest carrier, will learn its fate on Wednesday in a bankrup...10 May, 2023, 08.31 AM IST
- Mahindra Finance stops repossessions through third-party agents"In light of the recent tragic incident, we have stopped third-party repossessions and will further examine whether and how third-party age...23 Sep, 2022, 09.54 AM IST
- Car repossessions see sharp surge as used auto market in slow laneResellers are counting on more consumer bad news - a rising number of auto repossessions - to meet the gap in supply. The supply is expecte...20 Feb, 2022, 09.44 AM IST
- Only 15% commercial vehicles are plyingOnly 15% of the 25 lakh commercial vehicles are plying across India. The worst affected are automobile carriers; out of 18,000 car carriers...13 May, 2020, 11.28 AM IST
- Lessors to get first right on planes when airlines defaultThe absence of a policy on repossession of aircraft became a major irritant after Kingfisher Airlines defaulted on lease payments.11 Apr, 2013, 02.20 PM IST
- Car loan default: what, when and how?A car loan default happens when a customer repeatedly fails to make the agreed car loan payments to the lender/bank. How & when to negotiat...05 Oct, 2009, 01.37 PM IST
- Private banks likely to quit auto loan businessPrivate banks say that absence of clear guidelines from the RBI prevents them from repossessing vehicles from defaulting borrowers. New Yor...10 Apr, 2009, 01.03 PM IST
- Industry urges PM to ensure retail finance in auto sectorIndustry has urged Prime Minister Manmohan Singh to bring about some fundamental changes in the process of repossession of vehicles from lo...29 Mar, 2009, 12.01 PM IST
- UK home repossessions up 12 pc in 3Q from 2QHome repossessions in Britain jumped 12 percent to 11,300 in the third quarter from the previous quarter, the Council of Mortgage Lenders s...21 Nov, 2008, 05.12 PM IST
- ICICI Bank told to return re-possessed car, pay Rs 50K fineThe ICICI Bank has been directed by a consumer court to pay Rs 50,000 compensation to a customer and return his Indica car forcibly reposse...26 Mar, 2008, 06.44 PM IST
- Might not right, court warns fin firmWarning loan goons to avoid resorting to ‘‘instant justice’’ for repossessing financed vehicles, the National Consumer Commission (NCCM) ha...29 Jul, 2007, 05.06 AM IST
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