SpiceJet on Monday told the National Company Law Tribunal (NCLT) that they have ‘practically settled’ their dispute with aircraft lessor Celestial Aviation.
Counsel for SpiceJet told the tribunal that they have already paid some money and urged the tribunal to adjourn the case so that they can tell the court of the settlement. The case will now be heard in April 2024.
Counsel for Celestial told the tribunal that while they have received payments, the airline missed certain agreed-on deadlines for payment.
