insolvency: spicejet faces 2 more pleas

Insolvency: SpiceJet faces 2 more pleas

insolvency: spicejet faces 2 more pleas

NEW DELHI: Two more insolvency petitions were filed by Sabarmati Aviation and JetAir 17 against budget carrier SpiceJet at the NCLT on Monday.
The NCLT issued a notice to the airline over the plea by operational creditor Sabarmati Aviation while asking another complainant, JetAir 17, to file additional documents in support of its claims of $27 million.
During the proceedings, senior advocate Krishnendu Datta representing SpiceJet submitted that a reply would be filed over the plea of Sabarmati Aviation. He, however, opposed JetAir 17’s plea of contending that their claims as an operational creditor are disputed.
In the matter of JetAir 17, the NCLT asked the company to file additional documents to support its claims as SpiceJet contended that it has not entered into a lease agreement with it.

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