SpiceJet has received notice from National Company Law Tribunal, however, the airline is claiming that rumours of insolvency are false, and it is focussing on recovery of its fleet.
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SpiceJet has received a notice from the NCLT regarding an insolvency proceedings plea filed by Aircastle (Ireland), leading to a share price slide. The stock has declined by 5.7% from May 8 to Rs 29.77 now. The airline already faces two additional insolvency resolution proceedings filed against it with the NCLT. , Companies News, Times Now
Amidst Go First bankruptcy, NCLT will hear the insolvency plea filed by Aircastle against SpiceJet on May 17, while SC will also hear Credit Suisse contempt plea against the airline.