NCLT defers SpiceJet-Celestial hearing amid settlement talks
The two sides have informed the tribunal that they are in advanced stages of reaching a settlement
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The two sides have informed the tribunal that they are in advanced stages of reaching a settlement
National Company Law Tribunal asks SpiceJet to issue equity shares to settle dues with lessors. Celestial Aviation's plea for insolvency proceedings deferred.
Last year itself the DGCA had warned the airline after noticing various anomalies regarding its service.
Last year itself the DGCA had warned the airline after noticing various anomalies regarding its service.
The NCLT has listed Aircastle’s insolvency plea against SpiceJet on May 25. The lessor claimed that the airline has unpaid dues.