{"id":438633,"date":"2021-09-28T10:35:40","date_gmt":"2021-09-28T05:05:40","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=438633"},"modified":"2021-09-28T10:50:00","modified_gmt":"2021-09-28T05:20:00","slug":"spicejets-plan-to-hive-off-cargo-business-faces-challenge-from-creditors-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/spicejets-plan-to-hive-off-cargo-business-faces-challenge-from-creditors-2\/","title":{"rendered":"SpiceJet&#8217;s plan to hive off cargo business faces challenge from creditors"},"content":{"rendered":"<p>Ajay Singh-led SpiceJet\u2019s plans to hive off its logistics and cargo business into a separate entity called SpiceXpress is facing legal hurdles, with lenders and aircraft lessors challenging the move.<\/p>\n<p>One of SpiceJet\u2019s lessor Goshawk, along with its trustees, has moved the Delhi High Court (HC), asking for an injunction on the airline\u2019s plan to transfer any of its assets to a separate company until the airline clears its pending dues of around $16.2 million as lease rentals on three aircraft.<\/p>\n<p>In its interim order, the Delhi HC has restrained SpiceJet from alienating the assets.<\/p>\n<p>\u201cTill further orders, the judgment debtor is restrained from transferring\/alienating its assets to the tune of the decretal amount,\u201d stated the Delhi HC order.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ajay Singh-led SpiceJet\u2019s plans to hive off its logistics and cargo business into a separate entity called SpiceXpress is facing legal hurdles, with lenders and aircraft lessors challenging the move. One of SpiceJet\u2019s lessor Goshawk, along with its trustees, has moved the Delhi High Court (HC), asking for an injunction on the airline\u2019s plan to transfer any of its assets to a separate company until the airline clears its pending dues of around $16.2 million as lease rentals on three aircraft. In its interim order, the Delhi HC has restrained SpiceJet from alienating the assets. \u201cTill further orders, the judgment [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-438633","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/438633","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=438633"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/438633\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=438633"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=438633"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=438633"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}