SpiceJet finalises settlement with Engine Lease Finance Corporation to resolve $16.7 mn liabilitiesSpiceJet has resolved its dispute with Engine Lease Finance Corporation (ELFC) through a settlement. ELFC had initially claimed $16.7 milli...
24 Sep, 2024, 11.25 AM IST
Spicejet faces another insolvency plea from operational creditor; NCLT issues noticeThe National Company Law Tribunal has issued a notice to SpiceJet over a plea by Techjockey Infotech Pvt Ltd, claiming a default of Rs 1.2 ...
23 Sep, 2024, 02.55 PM IST
NCLT to hear insolvency plea filed by Engine Lease Finance against SpiceJet on August 2The National Company Law Tribunal (NCLT) has sent a notice to SpiceJet following an insolvency plea initiated by Engine Lease Finance BV, a...
13 Jun, 2024, 10.27 PM IST
Engine Lease Finance moves insolvency plea against SpiceJetSpiceJet, a low-budget airline, has filed an insolvency plea against its debt-ridden debtor, Engine Lease Finance BV, over non-payment of o...
29 May, 2024, 07.45 PM IST
NCLT reserves order in Aircastle’s insolvency case against SpicejetNCLT has reserved its order in the insolvency petition filed by Aircastle Limited against SpiceJet. Aircastle's petition has been questione...
05 Mar, 2024, 10.59 AM IST
SpiceJet and Celestial move closer to settlement; NCLT grants more timeThe counsels for both sides informed the tribunal that Spicejet had made some payments to Celestial Aviation Services Ltd and asked for the...
07 Dec, 2023, 12.36 PM IST
NCLT junks insolvency plea against SpiceJetOn Monday, the National Company Law Tribunal rejected Willis Lease Finance Corporation's insolvency plea against SpiceJet. The petition, ci...
05 Dec, 2023, 12.10 AM IST
WLFC asks NCLT to issue notice in Spicejet insolvency caseThe senior counsel for WLFC argued that the company was within its rights to file an insolvency petition Spicejet under Section 9 of the In...
09 Oct, 2023, 06.20 PM IST
SpiceJet questions the maintainability of insolvency petitions by aircraft lessors Wilmington and CelestialSpicejet is challenging the insolvency petitions filed against it by aircraft lessors Wilmington Trust SP Services and Celestial Aviation S...
15 Sep, 2023, 02.14 PM IST
SpiceJet questions maintainability of Wilmington’s insolvency pleaSpiceJet has disputed the merit of an application by Wilmington Trust SP Services to start insolvency proceedings against SpiceJet. Wilming...
19 Aug, 2023, 12.40 AM IST
NCLT seeks explanation from SpiceJet on lessor’s petitionsWhile the tribunal noted that a notice could be issued in the matter, the senior counsel for the airline asked for a day's time to study th...
18 Aug, 2023, 01.10 AM IST
Willis Lease Finance Corporation tells NCLT has the right to file a plea against SpicejetWLFC said that its service agreement with four operational creditors, read along with the lease agreements and emails from Spicejet acknowl...
11 Aug, 2023, 05.30 PM IST
SpiceJet insolvency plea maintainable, WLFC tells NCLTEngine Lessor Willis Lease Finance Corporation (WLFC) Tuesday argued that the insolvency petition filed by the company against airline Spic...
09 Aug, 2023, 12.35 AM IST
Willis Lease Finance not an operational creditor: SpiceJetThe senior counsel appearing for SpiceJet claimed that the lessor was neither the operational creditor nor an assignee to the leases signed...
22 Jul, 2023, 12.45 AM IST
Maintainability of Aircastle’s second insolvency petition against Spicejet questioned by NCLTWhile the petitioner requested a notice be issued to Spicejet, the court refused and listed the petition on the same day as the earlier one...
13 Jun, 2023, 05.55 PM IST
NCLT adjourns the Wilmington Trust insolvency plea against SpiceJetThis is the third case filed by the company against the airline. Two other cases under Section 9 of the Insolvency and Bankruptcy Code, 201...
12 Jun, 2023, 05.54 PM IST
No plans to file for insolvency, says SpiceJet CMD Ajay SinghAjay Singh, chairman and managing director of SpiceJet, also said the airline has started the process of reviving its grounded fleet by “us...
12 May, 2023, 12.27 AM IST