Consider the following statements about insolvency proceedings under the Protection of Interests in Aircraft Objects Bill, 2025:
- The Bill mandates a 60-day "waiting period" for creditors to repossess aircraft after default, irrespective of ongoing insolvency proceedings.
- Article XI of the Cape Town Protocol takes precedence over the Insolvency and Bankruptcy Code, 2016, in cases involving aircraft objects.
- The DGCA must approve all remedies initiated by creditors during corporate insolvency resolution processes.
Which of the above statements is/are correct?