The case involves Alterna Aircraft V B Limited as the applicant (Operational Creditor) and SpiceJet Limited as the respondent (Corporate Debtor). The matter pertains to Section 9 of the Insolvency and Bankruptcy Code (IBC). The Operational Creditor's counsel is present and has submitted an affidavit as per the order dated 13.09.2024, complying with Section 9(3)(b) of the IBC, 2016. The Corporate Debtor's counsel is also present, acknowledging the advance notice for filing a reply to the petition.
Alterna Aircraft V B Limited (Operational Creditor) initiated proceedings against SpiceJet Limited (Corporate Debtor) under Section 9 of the IBC. The Operational Creditor's counsel submitted an affidavit in compliance with a previous order dated 13.09.2024 and Section 9(3)(b) of the IBC. The Corporate Debtor's counsel acknowledged the advance notice and accepted the notice for filing a reply. The court then set a timeline for the Corporate Debtor to file a reply within two weeks and for the Operational Creditor to file a rejoinder within one week thereafter. The matter was listed for further hearing on 20.01.2025. The key facts are the initiation of proceedings under Section 9, compliance with Section 9(3)(b), and the setting of a timeline for further submissions.
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An order was issued, in terms of which the…
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The case involves Alterna Aircraft V B Limited as the applicant (Operational Creditor) and SpiceJet Limited as the respondent (Corporate Debtor). The matter pertains to Section 9 of the Insolvency and Bankruptcy Code (IBC). The Operational Creditor's counsel is present and has submitted an affidavit as per the order dated 13.09.2024, complying with Section 9(3)(b) of the IBC, 2016. The Corporate Debtor's counsel is also present, acknowledging the advance notice for filing a reply to the petition.
Alterna Aircraft V B Limited (Operational Creditor) initiated proceedings against SpiceJet Limited (Corporate Debtor) under Section 9 of the IBC. The Operational Creditor's counsel submitted an affidavit in compliance with a previous order dated 13.09.2024 and Section 9(3)(b) of the IBC. The Corporate Debtor's counsel acknowledged the advance notice and accepted the notice for filing a reply. The court then set a timeline for the Corporate Debtor to file a reply within two weeks and for the Operational Creditor to file a rejoinder within one week thereafter. The matter was listed for further hearing on 20.01.2025. The key facts are the initiation of proceedings under Section 9, compliance with Section 9(3)(b), and the setting of a timeline for further submissions.
An order was issued, in terms of which the…
The court directed the Corporate Debtor to…
Sign in to view related legal provisions.