{"id":574728,"date":"2023-05-06T09:16:03","date_gmt":"2023-05-06T03:46:03","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=574728"},"modified":"2023-05-06T09:44:18","modified_gmt":"2023-05-06T04:14:18","slug":"lessor-aircastle-files-case-against-spicejet-to-initiate-insolvency-process","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/lessor-aircastle-files-case-against-spicejet-to-initiate-insolvency-process\/","title":{"rendered":"Lessor Aircastle files case against SpiceJet to initiate insolvency process"},"content":{"rendered":"<p>Aircastle, one of the lessors of SpiceJet, has filed a case at the National Company Law Tribunal (NCLT) seeking initiation of an insolvency process against the airline for non-payments of dues. <\/p>\n<p>The case has been filed under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016, which allows an operational creditor, which has not received payment from the corporate debtor, to file a case with NCLT to initiate a \u201ccorporate insolvency resolution process\u201d. <\/p>\n<p>The first hearing of Aircastle\u2019s case will take place on Monday at the Delhi bench of NCLT. SpiceJet has been making losses since FY19.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Aircastle, one of the lessors of SpiceJet, has filed a case at the National Company Law Tribunal (NCLT) seeking initiation of an insolvency process against the airline for non-payments of dues. The case has been filed under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016, which allows an operational creditor, which has not received payment from the corporate debtor, to file a case with NCLT to initiate a \u201ccorporate insolvency resolution process\u201d. The first hearing of Aircastle\u2019s case will take place on Monday at the Delhi bench of NCLT. SpiceJet has been making losses since FY19.<\/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-574728","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\/574728","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=574728"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/574728\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=574728"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=574728"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=574728"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}