The National Company Law Tribunal (NCLT) has reserved its judgment in an insolvency petition filed against SpiceJet by aircraft lessor Aviator ML, with a verdict expected shortly.
The plea was filed under the Insolvency and Bankruptcy Code (IBC) by aircraft lessor Aviator ML, alleging a payment default of around ₹60 crore. The dispute pertains to a Boeing 737 aircraft that had been leased to the airline.
The judgment is expected soon, with one of the NCLT members who heard the case due to retire.
The case is the latest in a series of legal challenges faced by SpiceJet from aircraft lessors and other creditors over the past few years. The airline has been battling multiple disputes arising from unpaid lease rentals, maintenance…