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Tag: NCLAT

Aviation
ELF insolvency petition against SpiceJet to be heard by NCLT on August 2

ELF insolvency petition against SpiceJet to be heard by NCLT on August 2

  SpiceJet has faced an insolvency plea from engine lessor ELF, citing the airline's default on lease payments since April 2021. Initially, SpiceJet raised technical objections to ELF's plea, but the tribunal allowed ELF to

Aviation
SpiceJet faces insolvency threat

SpiceJet faces insolvency threat

  Engine Lease Finance Files Insolvency Plea Against SpiceJet Over Unpaid Debt Engine Lease Finance BV (ELF), a leading aircraft engine lessor of SpiceJet, has filed an insolvency petition before the National Company Law Tribunal

Aviation
Lenders seek proof of AOC in Jet Airways’ next hearing

Lenders seek proof of AOC in Jet Airways’ next hearing

In a recent development, lenders to Jet Airways have requested the Jalan-Kalrock Consortium (JKC), the consortium leading the revival efforts for the grounded carrier, to present the crucial Air Operator Certificate (AOC) in the upcoming

Aviation
Jalan Kalrock Consortium infuses further INR 1bn into Jet Airways

Jalan Kalrock Consortium infuses further INR 1bn into Jet Airways

The Jalan Kalrock Consortium (JKC) has confirmed payment of an additional INR 1 billion (USD12 million) in its bid to take over Jet Airways (JAI, Mumbai International). This completes, it said, its payment obligations as

Aviation
Lessor receives NCLAT nod to inspect aircraft leased to Go First

Lessor receives NCLAT nod to inspect aircraft leased to Go First

The National Company Law Appellate Tribunal (NCLAT) yesterday granted permission to Ireland-based lessor Jackson Square Aviation Ltd to inspect its aircraft leased to cash-strapped Go First. This decision follows a similar observation made in the

Aviation
Lessor moves NCLAT to stop Go First from flying aircraft

Lessor moves NCLAT to stop Go First from flying aircraft

Jackson Square Aviation Ireland Ltd, the lessor for the grounded airline Go First, has moved the National Company Law Appellate Tribunal (NCLAT) seeking directions to prevent its parked aircraft from being used for flying by

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