{"id":273833,"date":"2019-05-13T05:40:21","date_gmt":"2019-05-13T05:40:21","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=273833"},"modified":"2019-05-13T05:40:21","modified_gmt":"2019-05-13T05:40:21","slug":"nclat-dismisses-insolvency-plea-against-spicejet","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/nclat-dismisses-insolvency-plea-against-spicejet\/","title":{"rendered":"NCLAT dismisses insolvency plea against SpiceJet"},"content":{"rendered":"<p>The National Company Law Appellate Tribunal ( NCLAT) has dismissed a plea for initiation of insolvency proceedings against Spicejet by Ramco SystemsNSE 1.53 % Ltd, an operational creditor of the low-cost carrier. <\/p>\n<p>A two-member bench headed by Chairman Justice S J Mokhopadhaya upheld the orders passed by the National Company Law Tribunal (NCLT) in this matter saying that it has rightly rejected Ramco&#8217;s plea by observing that such petition requires strict proof of debt and default, which was absent in this case. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The National Company Law Appellate Tribunal ( NCLAT) has dismissed a plea for initiation of insolvency proceedings against Spicejet by Ramco SystemsNSE 1.53 % Ltd, an operational creditor of the low-cost carrier. A two-member bench headed by Chairman Justice S J Mokhopadhaya upheld the orders passed by the National Company Law Tribunal (NCLT) in this matter saying that it has rightly rejected Ramco&#8217;s plea by observing that such petition requires strict proof of debt and default, which was absent in this case.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[192,130,136],"tags":[],"class_list":["post-273833","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/273833","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=273833"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/273833\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=273833"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=273833"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=273833"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}