What Lessors Need Before A Default Notice In India
Why Preparation Matters Before issuing a default notice, a lessor in India should have documents and processes lined up to protect timelines for deregistration and export under the Cape Town framework and DGCA rules. Recent CAR updates and AIC guidance set out how IDERA requests and dues clearances interact with DGCA processing. Core Documents To Line Up Have the signed lease, novations, side letters, and all amendments in one “clean” execution set. Keep the deregistration power of attorney, IDERA originals, and certified copies accessible. Maintain a running “events matrix” showing breaches, cure periods, and notice prerequisites per the lease. IDERA And Deregistration Readiness Confirm that the IDERA is filed and acknowledged with DGCA and that the authorised signatory details match what will be used on the deregistration application. India’s CAR on registration/deregistration and the Cape Town implementation practice make this the centrepiece of an efficient exit. Airport, ANSP And Other Dues Collect evidence that airport, navigation and related public charges have been cleared or secured. DGCA guidance requires submitting proof of payment of bills when seeking permission linked to deregistration/export under IDERA. Insurance And Risk Transfers Verify open-ended coverage, loss-payee/assignee endorsements, breach-of-warranty clauses, and notice of cancellation periods. Cross-check policy details with the lease’s insurance schedule before you escalate. Records, Tech And Access Secure a plan for physical access, technical records, logbooks, back-to-birth trace, and data downloads. Align your MRO or recovery vendor so that once notices go out, inspections and storage can start without delay. Communications Plan Prepare draft default notices, demand letters, and any related Cape Town remedies notices. Keep versions aligned to the lease’s notice provisions (method, language, addresses, and cure windows). Regulatory Touchpoints And Timeline Know your path through DGCA deregistration with IDERA and any concurrent customs/export steps. CAR Section 2 (Registration/De-registration) and practice notes indicate the documentary flow and decision points you will face.