SpiceJet on Friday claimed in the bankruptcy court that two insolvency petitions filed against it by two aircraft lessors – Wilmington Trust SP Services (Dublin) Ltd and Celestial Aviation Services Ltd – were not maintainable.
The low-cost airline informed the National Company Law Tribunal that Wilmington was not the owner of the aircraft leased by it and so it is not an operational creditor to file an insolvency petition. Opposing the Celestial Aviation case, SpiceJet argued that five operational creditors had filed a combined petition, so it was not maintainable.
