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SPICEJET NCLT CASE
Fresh trouble for SpiceJet as 3 aircraft lessors, former pilot file insolvency pleasSpiceJet is facing insolvency pleas from three Ireland-based aircraft lessors and a former pilot due to alleged defaults totaling USD 12.68...- Aircastle withdraws insolvency case against SpiceJet after settlementSpiceJet and Aircastle reached a settlement, ending their legal battle. The airline agreed to pay $5 million. This resolves a $23 million d...
- 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....
- 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...
- 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 ...
- 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...
- 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...
- 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...
- NCLT notice to SpiceJet on 3 insolvency pleas filed by lessors for arrears worth Rs 77 croreNCLT issued notice to SpiceJet over insolvency petitions by lessors AWAS 36698, AWAS 36694, AWAS 36695 for ₹77 crore arrears. Legal argumen...
- 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...
- IndiGo co-founder Rakesh Gangwal weighs 'sizable' stake buy in SpiceJet: ReportIndiGo co-founder Rakesh Gangwal is reportedly considering purchasing a stake in rival budget carrier SpiceJet. The size of the stake is ex...
- 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...
- 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...
- 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...
- SpiceJet questions maintainability of petition filed by aircraft lessorsAircastle (Ireland) told the NCLT Monday that it was within its right to file multiple petitions against defaults by SpiceJet on multiple c...
- 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...
- Fresh plea filed against SpiceJet by aircraft lessor AircastleA day earlier, the NCLT had adjourned the hearing of a similar plea filed by lessor Wilmington against the airline. The matter is likely to...
- Aircraft lessor Wilmington moves NCLT to begin insolvency proceedings against SpiceJetIn May, Wilmington Trust SP Services, along with the airline's two other lessors Sabarmati Aviation Leasing and Falgu Aviation Leasing had ...
- 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...
- NCLAT dismisses insolvency plea against SpiceJetThe appellate tribunal said there was nothing on record to suggest that the demand notice relating to invoices issued by Ramco System was f...
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