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NCLT asks SpiceJet to settle disputes with lessors in ongoing insolvency cases

The National Company Law Tribunal (NCLT) on Tuesday asked SpiceJet to work towards resolving disputes with the lessors who have initiated insolvency proceedings against the airline.This came during an insolvency plea filed by one of the lessors .

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NCLT Asks Spicejet To Settle Disputes With Lessors In Ongoing Insolvency Cases

NCLT Asks Spicejet To Settle Disputes With Lessors In Ongoing Insolvency Cases
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NCLT asks SpiceJet to settle disputes with lessors in ongoing insolvency cases #newkerala(100949)

NCLT asks SpiceJet to settle disputes with lessors in ongoing insolvency cases #newkerala(100949)
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SpiceJet's settlement offer not good enough: Airline's lessor Aircastle tells NCLT

The NCLT has listed Aircastle’s insolvency plea against SpiceJet on May 25. The lessor claimed that the airline has unpaid dues.

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Spicejet Suspends Ahmedabad-Goa Flights Amid Aircraft Deregistration Requests From Lessors

SpiceJet is facing bankruptcy proceedings as the Ireland-based aircraft lessor Aircastle Ltd has moved the principal bench of NCLT to launch a bankruptcy process against the airline.

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