Alterna Capital Partners has joined the queue of lessors at India’s National Company Law Tribunal (NCLT) seeking to have SpiceJet (SG, Delhi International) declared insolvent. An Alterna special purpose vehicle (SPV) is attempting to enforce a March 2023 UK High Court judgement awarding it more than USD11 million.
The matter of Alterna Aircraft V B Limited v. SpiceJet Limited was filed on December 23 and listed before the Delhi bench of the NCLT on January 4. The lessor is pursuing SpiceJet for USD11.1 million and GBP265,000 (USD337,850) awarded to it on March 2, 2023, by Justice Bright at the Commercial Court of the High Court of England and Wales. Alterna Aircraft V B Limited is an Alterna Aviation SPV. In turn, Alterna Aviation is a …
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