SpiceJet gets notice from NCLT
Troubled budget carrier SpiceJet has received a notice from the National Company Law Tribunal (NCLT) on an insolvency plea, directing the airline to respond in two weeks. The plea was filed by one of the creditors of the airline, Acres Buildwell, to whom SpiceJet owes Rs 3.25 crore.
A September 2 NCLT order had granted SpiceJet two weeks to file its reply as to why the insolvency process should not be initiated against it followed by a week’s time to the creditor for filing rejoinder, if any. The case is likely to be heard on September 30.
