The National Company Law Tribunal in Delhi said on Tuesday it will hear on July 21 the maintainability of a plea filed by aircraft lessor Willis Lease Finance Corporation claiming low-cost carrier Spicejet had defaulted on a $6.87-million payment.
Spicejet’s counsel said that Willis had previously filed an insolvency plea against the airline, withdrew it due to technical defect and then filed it again. The refiled plea will be heard by the tribunal.
Counsel for Willis said the company withdrew its plea due to technical defects and then filed it again. The lessor told the court that they are ready to argue the matter based on merits.
