The case involves Engine Lease Finance B.V. as the applicant (Operational Creditor) and SpiceJet Limited as the respondent (Corporate Debtor). The matter was brought before the National Company Law Tribunal (NCLT), New Delhi, under Section 9 of the Insolvency and Bankruptcy Code (IBC).
Engine Lease Finance B.V. initiated proceedings against SpiceJet Limited under Section 9 of the IBC as an operational creditor. Both parties' counsels appeared before the NCLT and indicated ongoing settlement negotiations. The pleadings in the case are complete. An adjournment was previously granted on similar grounds on 08.10.2024. The current request for adjournment is based on the ongoing settlement talks. The court is considering this as a final opportunity for settlement.
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The matter was adjourned on similar grounds…
The NCLT granted a…
The case involves Engine Lease Finance B.V. as the applicant (Operational Creditor) and SpiceJet Limited as the respondent (Corporate Debtor). The matter was brought before the National Company Law Tribunal (NCLT), New Delhi, under Section 9 of the Insolvency and Bankruptcy Code (IBC).
Engine Lease Finance B.V. initiated proceedings against SpiceJet Limited under Section 9 of the IBC as an operational creditor. Both parties' counsels appeared before the NCLT and indicated ongoing settlement negotiations. The pleadings in the case are complete. An adjournment was previously granted on similar grounds on 08.10.2024. The current request for adjournment is based on the ongoing settlement talks. The court is considering this as a final opportunity for settlement.
The matter was adjourned on similar grounds…
The NCLT granted a…