NCLT Fines SpiceJet, Aircraft Lessor ₹15 Lakh Each Over Last-Minute Settlement In Insolvency Case
The National Company Law Tribunal (NCLT) has imposed a ₹15 lakh penalty each on SpiceJet and aircraft lessor Aviator ML 29641 Ltd for informing the tribunal about their settlement at the last moment, after the insolvency proceedings had already been reserved for judgment. The special NCLT bench deferred its order on insolvency petitions against the financially stressed airline and directed the…
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