The Protection of Interests in Aircraft Objects Act, 2025
Section 6. Remedies on insolvency.
The provisions of Article XI of the Protocol, subject to the declaration deposited by India, shall apply, mutatis mutandis, for remedies on insolvency under any law for the time being in force:
Provided that---
(a) the debtor of the agreement is a---
(i) body corporate or firm, incorporated or registered in India; or
(ii) person, domiciled in or has his principal place of business in India;
(b) the international interest of the agreement has been registered in accordance with the Convention and Protocol; and
(c) the debtor and creditor have not by written agreement excluded the application of this section.
Source: IndiaCode Portal, Legislative Department, Ministry of Law and Justice, Government of India. Open on India Code Check against the official text before relying on it.
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