SpiceJet, the low-cost airline, informed the National Company Law Tribunal (NCLT) on Monday that their disagreement with aircraft lessor Celestial Aviation is nearly resolved, with only formalities remaining.
Senior advocate Krishnendu Dutta, representing SpiceJet, informed the tribunal that substantial progress had been made, with partial payments already made, and requested an adjournment to finalise the settlement process. Consequently, the case has been adjourned to April 2024.
Acknowledging the receipt of payments, Celestial’s counsel, Nitin Sarin, confirmed the airline’s efforts despite missing some deadlines.
