New Delhi: The National Company Law Tribunal on Friday adjourned the insolvency pleas filed by aircraft lessor Wilmington SP Trust Services against SpiceJet. and listed it for July 17.
The senior counsel appearing for SpiceJet argued that Aircastle (Ireland) and Wilmington SP Trust Services were the same entity and so this was the third petition filed by Aircastle (Ireland).
Aircastle (Ireland) has filed two separate petitions to initiate a corporate insolvency resolution process against the airline. The invoices raised by Wilmington for aircraft leases were in the name of Aircastle (Ireland), the lawyer claimed.
The counsel appearing for Wilmington argued that the Directorate General of Civil Aviation had registered Wilmington as a separat…
Read the full article at: https://m.economictimes.com/industry/transportation/airlines-/-aviation/nclt-adjourns-aircraft-lessors-insolvency-plea-against-spicejet/articleshow/101053111.cms