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Fifth lessor moves insolvency plea against SpiceJet, airline worries mount

Victoria Tozer-Pennington
By Victoria Tozer-Pennington Aug 09, 2023 1 mins read
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Fifth lessor moves insolvency plea against SpiceJet, airline worries mount

In another blow to SpiceJet, Celestial Aviation Services Limited has filed a plea to initiate Corporate Insolvency Resolution Process (CIRP) at the National Company Law Tribunal (NCLT). The plea is filed under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. Celestial is the fifth lessor...

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