NCLT dismisses Wilmington's insolvency plea against SpiceJet
Mon, Jan 29, 2024 5:27 PM

NCLT dismisses Wilmington's insolvency plea against SpiceJet

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NCLT dismissed an insolvency plea filed by lessor Wilmington Trust SP Services against SpiceJet due to unpaid dues. DGCA deregistered three planes of SpiceJet at the request of lessors. Wilmington argued that it was a trustee of Aircastle and therefore its plea was valid, but SpiceJet argued that the two were the same entity. This is the second insolvency plea against SpiceJet dismissed by NCLT.

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