NCLT Advises SpiceJet To Reach Settlement With Lessors
The National Company Law Tribunal said on Tuesday that five insolvency pleas had been filed against SpiceJet, and all of them had been filed by lessors and not by any financial institutions.
Hence, the bench advised the airline that it would be most beneficial for it to reach a settlement with the lessors.
After Willis Lease Finance, Aircastle and Wilmington, Celestial Aviation Services Ltd. also approached the NCLT with an insolvency plea against the low-cost airline.
On May 8, the NCLT issued a notice regarding Aircastle's initial plea and requested a response from the airline. On May 25, Aircastle requested a brief adjournment to address SpiceJet's response. In the course of these proceedings, SpiceJet filed an application challenging the legitimacy of Aircastle's insolvency petition.
The airline has also raised concerns about the legitimacy of Aircastle's second insolvency plea as well as Wilmington's plea.
All the insolvency pleas against SpiceJet that are pending before the NCLT are likely to come up for hearing on Sept. 15.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
