{"id":596953,"date":"2023-08-10T09:31:10","date_gmt":"2023-08-10T04:01:10","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=596953"},"modified":"2023-08-10T10:06:21","modified_gmt":"2023-08-10T04:36:21","slug":"spicejet-insolvency-plea-maintainable-engine-lessor-wlfc-tells-nclt","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/spicejet-insolvency-plea-maintainable-engine-lessor-wlfc-tells-nclt\/","title":{"rendered":"SpiceJet insolvency plea maintainable, engine lessor WLFC tells NCLT"},"content":{"rendered":"<p>Engine lessor Willis Lease Finance Corporation (WLFC) on Tuesday stated before the National Company Law Tribunal (NCLT) that the demand notice issued to SpiceJet could not be questioned and its insolvency petition against the airline was maintainable, according to a report by The Economic Times (ET).<\/p>\n<p>WLFC&#8217;s submission came in response to Spicejet&#8217;s challenge to the maintainability of WLFC&#8217;s petition to initiate insolvency proceedings against the airline. The senior counsel representing WLFC argued that a fresh demand notice, as demanded by the SpiceJet counsel, was unnecessary since the earlier notice had specifics of the 107 invoices on which SpiceJet defaulted and had no new additions to the list.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Engine lessor Willis Lease Finance Corporation (WLFC) on Tuesday stated before the National Company Law Tribunal (NCLT) that the demand notice issued to SpiceJet could not be questioned and its insolvency petition against the airline was maintainable, according to a report by The Economic Times (ET). WLFC&#8217;s submission came in response to Spicejet&#8217;s challenge to the maintainability of WLFC&#8217;s petition to initiate insolvency proceedings against the airline. The senior counsel representing WLFC argued that a fresh demand notice, as demanded by the SpiceJet counsel, was unnecessary since the earlier notice had specifics of the 107 invoices on which SpiceJet defaulted [&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-596953","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\/596953","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=596953"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/596953\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=596953"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=596953"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=596953"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}