Engine Lessor Willis Lease Finance Corporation (WLFC) Tuesday argued that the insolvency petition filed by the company against airline Spicejet before the National Company Law Tribunal was maintainable, and the demand notice issued by the lessor could not be questioned.
The reply came in response to the arguments made by Spicejet questioning the maintainability of WLFC’s petition to initiate insolvency proceedings against the airline for failure to pay lease rent.
