NCLT defers hearing of Wilmington's insolvency plea against SpiceJet

The National Company Law Tribunal (NCLT) on June 12, deferred the hearing of aircraft lessor Wilmington Trust SP Services (Dublin) Ltd's insolvency plea against SpiceJet.

The case is likely to be hear on June 16.

When the case was called for hearing, SpiceJet's lawyers sought for adjournment to July as the senior counsel appearing for the budget airliner was not available. The tribunal, however, refused to grant adjournment to July and deferred the hearing of the case to June 16. The tribunal has also expressed an inclination to hear both the sides on June 16.

In May 2023, the Directorate General of Civil Aviation (DGCA) deregistered three planes of SpiceJet at the request of lessors, one of the aircrafts belonged to Wilmington.

-B