An aircraft lessor is heading to Delhi High Court to execute a judgment it obtained against SpiceJet (SG, Delhi International) in the UK High Court. Cross Ocean Partners, the lessor behind the special purpose vehicle (SPV) known as VS MSN 36118 CAY Designated Activity Company, is pursuing the low-cost carrier for around INR900 million rupees (USD10.8 million) in unpaid leases.
First reported by the Indian financial news site MoneyControl, the SPV filed the matter with Delhi High Court on November 21, following a judgment in its favour in the UK in June. The UK matter was VS MSN 36118 CAV Designated Activity Company vs. Spicejet Limited (case no: CL-2022-000479). Counsel for VS MSN 36118 CAV told the court that SpiceJet had periodically d…
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