The National Company Law Tribunal (NCLT) on Monday reserved its order in the matter related to Dublin-based aircraft lessor Aircastle Limited’s insolvency petition against budget airline SpiceJet.
SpiceJet’s counsel has cast doubt over the maintainability of Aircastle’s petition as the latter had filed a separate petition under the Insolvency and Bankruptcy Code, 2016 (IBC) against the Gurgaon-headquartered carrier.
