SpiceJet questions the maintainability of insolvency petitions by aircraft lessors Wilmington and Celestial
Spicejet, on Thursday, argued that the insolvency petition filed by aircraft lessor Wilmington Trust SP Services (Dublin) Limited was not maintainable, questioning the company’s locus standi to file an insolvency petition.
In another case listed before the National Company Law Tribunal, Spicejet argued that the insolvency petition filed under Section 10 of the Insolvency and Bankruptcy Code, 2016, by Celestial Aviation Services Ltd, wasn’t maintainable either.
