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SPICEJET BANKRUPTCY
SpiceJet insolvency case: NCLT allows lessor to withdraw plea, imposes fine on both Aviator ML & cash-strapped airlineThe National Company Law Tribunal allowed Aviator ML to withdraw its insolvency plea against SpiceJet. Both parties faced a fine for late s...- Stocks in news: Airtel, Paytm, SpiceJet, ONGC and ZEEMarkets extended their losing streak for a fifth consecutive session on Monday. Airtel Payments Bank appointed Shabnam Sinha as its new cha...
- SpiceJet gets more time as NCLT defers lessors’ bankruptcy casesThe NCLT postponed rulings on SpiceJet bankruptcy petitions after a settlement. The tribunal will issue its order on Wednesday, August 19, ...
- SpiceJet funding crunch delays pilot pay, messages show, as it seeks state-backed loanSpiceJet is delaying pilot salaries since March, seeking an emergency government loan to stabilize operations amid rising fuel costs and re...
- Another turbulence for SpiceJet? Falgu Aviation claims airline owes it Rs 67 croreFalgu Aviation Leasing Ltd has approached the NCLT against SpiceJet Ltd, seeking unpaid rental dues of Rs 67 crore for a leased Boeing 737....
- Engine Lease Finance files fresh insolvency plea against SpiceJetEngine Lease Finance is the latest of engine lessors that have approached courts accusing SpiceJet of defaulting on payments and seeking re...
- NCLT asks SpiceJet to file reply to Aircastle's petition in 15 daysThe National Company Law Tribunal (NCLT) has directed SpiceJet to respond within 15 days to Aircastle's insolvency petition. The tribunal w...
- Wilmington Trust approaches NCLAT, files Insolvency appeal against SpiceJetAircraft lessor Wilmington Trust SP Services has moved NCLAT, filing an appeal against an earlier order of NCLT, which had dismissed its in...
- SpiceJet CMD Ajay Singh ups bid for Go First following banks' nudgeOne of the two bidders for bankrupt airline Go First in India has raised its offer following lender encouragement, increasing the bid by 1-...
- NCLT dismisses Wilmington’s insolvency plea against SpicejetThe National Company Law Tribunal (NCLT) dismissed Wilmington Trust SP Service’s (Dublin) Ltd insolvency petition against Spicejet Limited....
- 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...
- 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...
- Lessor Willis' insolvency plea against SpiceJet put off till July 21The National Company Law Tribunal (NCLT) Tuesday adjourned the insolvency plea filed by aircraft engine lessor Willis Lease Finance Corpora...
- 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...
- Aircastle gets two weeks to frame a reply to SpiceJetAircastle (Ireland) has been granted two weeks by the National Company Law Tribunal (NCLT) to respond to Spicejet's application opposing th...
- India's SpiceJet partners with FTAI Aviation to restore fleetThe Gurugram-based airline said last month it had begun to revive 25 of its grounded fleet using its own money and a $50 million line of cr...
- SpiceJet case: Petitioner gets time for rejoinderAircastle (Ireland) had filed a petition against Spicejet under section 9 of the Insolvency & Bankruptcy Code 2016 on April 28, based on wh...
- SpiceJet's offer to settle unpaid dues not good enough, lessor tells India tribunalThe Ireland-based lessor earlier this month sought to initiate bankruptcy proceedings against SpiceJet over non payment of lease rentals an...
- 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...
- Troubles at IndiGo could add tailwinds to SpiceJet’s growthAfter Jet Airways was grounded in April, SpiceJet has acquired most of its coveted metro routes.
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