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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.
The two sides have informed the tribunal that they are in advanced stages of reaching a settlement
Aircraft lessor Celestial Aviation who is an operational creditor has initiated insolvency proceedings against the airline
The media report suggested that Celestial Aviation has moved NCLT for a default of $20.9 million fo nine aircrafts against SpiceJet.
India Business News: SpiceJet news: Following reports of Rakesh Gangwal's potential stake acquisition, SpiceJet's stock surged, surging as high as 20% before closing the d