DGCA order suspending Global Vectra's operation permit stayed

The Delhi High Court today stayed the Directorate General of Civil Aviation order, which had suspended the permit of Ravi Rishi-led aviation firm Global Vectra Helicorp to operate its fleet of choppers.

"I am inclined to stay the operation of the impugned order dated May 7, 2012 till further orders," said a vacation bench of Justice Vipin Sanghi, staying the DGCA order, which had scrapped the operation permit of the aviation firm.

While allowing the aviation firm to operate its fleet of choppers, the bench, however, asked the government to "nominate two directors on the board of directors of the Global Vectra" to oversee its operations.

In its interim ruling on the plea by the aviation firmand its two directors against the DGCA order, the bench said, "Global Vectra and its office bearers shall fully cooperate with the government directors and provide all information to them and they would be entitled to participate in all board meetings of the firm."

"The nominee directors be nominated by the DGCA /Ministry of Civil Aviation/ Ministry of Home Affairs, in consultation with each other," said the bench adding "the nominated directors shall enjoy all the rights and privileges as are enjoyed by the other directors on the Board of Directors of the petitioner- Global Vectra."

The high court's order came on Global Vectra's plea against the Union Home Ministry's decision to withdraw its security clearance, leading the DGCA to suspend its operation permit.

The aviation firm, belonging to the Ravi Rishi’s Vectra group, which is the largest shareholder in Tatra Holdings owning the Czech truck manufacturer Tatra, is facing CBI probe for allegedly supplying trucks at exorbitant price to the Indian Army.