Dentons Link Legal assists Ace Aviation on ₹568 crore acquisition of Jet Airways' Boeing 777-300ER Aircraft

IBC 6 Jun 2026· ₹568 cr · Ruling· ◔ Reported

Malta-based Ace Aviation, a member of the Challenge Group, was declared as the highest bidder for two Boeing 777-300ER aircraft previously owned by Jet Airways (India) Ltd. and currently parked at Delhi International Airport. The successful bid as per the stock exchange filings with BSE and NSE is ₹568.179 crore. The auction process and declaration of the Ace Aviation as the highest bidders was challenged by Industrial Asset Transaction Services Private Limited (“H2 Bidder”) before the NCLT, Mumbai mainly on the grounds that the bid document did not disclose crucial information which the Ace Aviation were privy to due to their…

CounselDentons Link Legal
SectorInfrastructure
Value₹568 cr

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