Engine lessor moves insolvency plea against SpiceJet over $12 million dues
The case was heard briefly today by the NCLT, it has however been adjourned to May 30 as SpiceJet sought time to respond to the plea.
Source: moneycontrol.com
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Delhi HC directs SpiceJet to pay $2 million to lessors by February 29
On January 29, the HC asked SpiceJet to pay $4 million by February 15. However, the airline paid only $2 million by the deadline citing financial constraints and urged an extension till February 29.
Source: moneycontrol.com
Delhi HC gives SpiceJet February 15 deadline to pay lessors $4 million
The HC has warned the airline that in the event it does not pay the money, it will be constrained to pass orders in the application seeking the engine's grounding.
Source: moneycontrol.com
Delhi HC allows lessor to inspect engine leased to SpiceJet
The inspection is to be carried out once at the time of grounding of the engine and once at the time of re-delivery of the engine. The court further asked SpiceJet to maintain status quo with respect to the engines after grounding them, excepting for purposes such as refurbishing the engine among others
Source: moneycontrol.com
Spicejet case: Aircraft lessor moves Delhi HC to recover money awarded by UK Court
The HC has sought the airline's response to the plea and the case is likely to come up for hearing in February
Source: moneycontrol.com