The matter is further scheduled to be formally withdrawn on March 1 & both parties have informed the National Company Law Tribunal (NCLT) bench about the settlement.
Wilmington Trust is one of five lessors that had approached the NCLT with a plea to admit SpiceJet into insolvency over unpaid dues by the budget carrier.
Shares of SpiceJet have surged about 190 per cent from its 52-week low at 22.65 on May 23, 2023, while it has surged more than 115 per cent in the last six months.