NCLT suggests SpiceJet settle issues with aircraft lessors
The tribunal's suggestion came against the backdrop of the crisis-hit carrier issuing shares in lieu of dues to nine aircraft lessors
Source: telanganatoday.com
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NCLT asks SpiceJet to settle disputes with lessors in ongoing insolvency cases
The National Company Law Tribunal (NCLT) on Tuesday asked SpiceJet to work towards resolving disputes with the lessors who have initiated insolvency proceedings against the airline.This came during an insolvency plea filed by one of the lessors ...
Source: prokerala.com
NCLT urges SpiceJet to settle with lessors who have moved insolvency pleas
Lessors have filed a total of five insolvency pleas against SpiceJet in NCLT. All the pleas are likely to come up for hearing on September 15.
Source: moneycontrol.com
Law Tribunal Suggests SpiceJet Settle Issues With Aircraft Lessors
Crisis-hit carrier SpiceJet can settle issues with lessors that have sought initiation of insolvency proceedings against it, the National Company Law Tribunal has suggested.
Source: ndtv.com
Sanctions Do Not Excuse Non-Payment to a Non-Sanctioned Party If Obligation Accrues Prior to Sanctions Coming into Force | Pillsbury - Global Trade & Sanctions Law
Takeaways - Sanctions operate prospectively and do not affect payment obligations to a non-sanctioned party accruing before sanctions became effective.
Source: jdsupra.com