# In the matter of Spicejet Limited (IB)-266(PB)-2023

> NCLT judgment dated 2023-05-25. Citation: TCN-2023-NCLT-03166. The case involves Aircastle (Ireland) Limited as the applicant/petitioner and Spicejet Limited…

- **Court:** NCLT
- **Order date:** 25 May 2023
- **Citation:** TCN-2023-NCLT-03166
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/spicejet-limited-ib-266pb-2023-0c7fb2f2

## Summary

### Background

The case involves Aircastle (Ireland) Limited as the applicant/petitioner and Spicejet Limited as the respondent. The order is under Section 9 of the Insolvency & Bankruptcy Code, 2016. The matter was heard through physical mode and video conferencing.

## Facts

Aircastle (Ireland) Limited filed an application/petition against Spicejet Limited under Section 9 of the Insolvency & Bankruptcy Code, 2016. The respondent's counsel stated that a reply had been filed and served to the petitioner's counsel on 24.05.2023 at 3:42 PM. The petitioner's counsel requested time to review the reply and potentially file a rejoinder. The court considered this request and adjourned the matter.

## Issues and analysis

### Issue 1: Whether the petitioner should be granted time to review the respondent's reply and file a …

**Ratio:** The court has the discretion to grant parties sufficient time to prepare their case and

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**Reasoning:** The petitioner's counsel requested time to review the reply filed by the respondent and

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**Interpretation:** The principle of natural justice requires that parties be given a fair

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**Application:** The court applied this principle by granting the petitioner's request for time

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## Parties

- **Judges:** Ramalingam…; SH. ATUL CHATURVED…
- **Appellants:** Aircastle…
- **Respondents:** SpiceJet L…

## Timeline

- **2023-05-24 — Reply Fi…**: Respondent's counsel submitted that the reply has been filed and served upon the…
- **2023-05-25 — Order Del…**: The court delivered an order…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 9 — Application for initiation of corporate insolvency…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-9)

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