JKC chose to withdraw the plea after the appellate tribunal opined that it was not inclined to entertain the plea. NCLAT opined that JKC could not have filed an application before it while an appeal against its order is pending in the Supreme Court.
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Wilmington had moved an insolvency plea against SpiceJet in June 2023 over unpaid dues. In May 2023, the DGCA deregistered three planes of SpiceJet at the request of lessors, one which belonged to Wilmington