Paramount Airways, whose three planes were deregistered by Directorate-General of Civil Aviation (DGCA), on Friday told the Supreme Court that it would wait for the orders of the civil aviation regulator on the issue.

Senior advocate Abhishek Manu Singhvi submitted that the DGCA was likely to pass an order on Paramount's plea by Monday.

After this, a Bench of Chief Justice K.G. Balakrishnan and Justices J.M. Panchal and Deepak Verma adjourned the matter.

The DGCA action against the Coimbatore-based airline followed a dispute over payments with its lessor, GE Capital Aviation Service Ltd and Celestial Aviation Trading.


No relief to Paramount March 23, 2010

No stay of order on Paramount Airways March 20, 2010