CosmicTaco

SpiceJet Faces Fresh Insolvency Proceedings

CosmicTaco · 2024-10-15T11:28:24.292548+05:30

- **SpiceJet Ltd** is facing new insolvency proceedings initiated by **Aviator ML 29641 Ltd** over unpaid dues of **₹58 crore**. - The lessor claims SpiceJet failed to pay rental charges for a **Boeing 737**. SpiceJet disputes the debt, citing objections. - The **NCLT** has directed the lessor to present SpiceJet's reply and scheduled a hearing for **November 11**. - SpiceJet is dealing with multiple insolvency petitions from various lessors, but none have been admitted by the NCLT yet. - Lessors like **Wilmington Trust**, **Willis Lease Finance**, and others have approached the tribunal against SpiceJet. Source: [The Economic Times](https://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/spicejet-faces-yet-another-insolvency-proceeding-by-lessor/articleshow/114226463.cms)

SpiceJet Ltd is facing new insolvency proceedings initiated by Aviator ML 29641 Ltd over unpaid dues of ₹58 crore.
The lessor claims SpiceJet failed to pay rental charges for a Boeing 737. SpiceJet disputes the debt, citing objections.
The NCLT has directed the lessor to present SpiceJet's reply and scheduled a hearing for November 11.
SpiceJet is dealing with multiple insolvency petitions from various lessors, but none have been admitted by the NCLT yet.
Lessors like Wilmington Trust, Willis Lease Finance, and others have approached the tribunal against SpiceJet.