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.
The next and latest in line after Go First, SpiceJet airline is facing bankruptcy proceedings as the Ireland-based aircraft lessor Aircastle Ltd has moved the principal bench of the National Company Law Tribunal (NCLT) to launch a bankruptcy process against the airline.
The National Company Law Tribunal on Monday issued a notice to SpiceJet on a petition filed by an aircraft lessor seeking initiation of insolvency resolution proceedings against the budget carrier and the next hearing is scheduled for May 17.
The petition was filed by Aircastle (Ireland) Ltd.
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