Following the termination of the lease between the owner and lessee and the default
of the owner on the loan, the mortgagee sought its right of deregistration.
The deregistration was challenged by India’s Director General of Civil Aviation (DGCA) at the behest of theDirectorate of Revenue Intelligence (DRI) on the basis that the lessee had not paidcertain customs fees in connection with theimportation of the aircraft into India. At thetime that the mortgagee sought to exercise its
right of deregistration, the aircraft was located in London