SpiceJet settles Rs 250 crore dispute with aircraft lessor Celestial Aviation
The matter is now scheduled to be formally withdrawn on March 1 and both parties have already informed the NCLT bench about the settlement.
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The matter is now scheduled to be formally withdrawn on March 1 and both parties have already informed the NCLT bench about the settlement.
Celestial Aviation was one of several aircraft leasing companies that had approached the NCLT for recovery of outstanding payments from the debt-laden airline
SpiceJet and Celestial Aviation settle their USD 29.9 million dispute through negotiations, avoiding litigation. SpiceJet Chairman Ajay Singh announce
The representatives of SpiceJet, Aircraft Lessor AerCap informed a bench of NCLT last week that settlement terms had been reached and requested an adjournment
The matter is further scheduled to be formally withdrawn on March 1 & both parties have informed the National Company Law Tribunal (NCLT) bench about the settlement.