NCLT to hear second plea of Aircastle against Spicejet on June 17
The National Company Law Tribunal (NCLT) Delhi will hear on June 17 the maintainability of aircraft lessor Aircastle (Ireland) Limited’s second insolvency petition against low-cost carrier SpiceJet.
The NCLT on Tuesday asked Aircastle’s counsel to explain how the second plea was maintainable against the same defaulter(SpiceJet).
The first plea filed by Dublin-based Aircastle in NCLT on April 28 was to initiate insolvency proceedings against the airline under Section 9 (application for initiation of corporate insolvency resolution process by the operational creditor) of the Insolvency and Bankruptcy Code(IBC) for unpaid dues of 49-odd crore.
