The Delhi High Court on Tuesday allowed a company to inspect an engine it had leased to SpiceJet, the low-cost carrier under insolvency process.
Engine Lease Finance BV will make the inspection when the engine is grounded and once at the time of its re-delivery. The court also asked SpiceJet to maintain status quo with respect to engines, except for refurbishing.
The lessor told the court that SpiceJet was “cannibalising” parts for use after saying on January 15 that it had grounded the engine. SpiceJet contested this claim.
