Informative

NCLT issues notice to SpiceJet in another insolvency plea over ₹68 crore default

Update / Judgement Date

24 Oct 2024

Source

Bar and Bench

Author

Team — WCP Legal Desk

Reading Time

1 min read

Insolvency & Bankruptcy Code

The National Company Law Tribunal (NCLT) issued a notice to SpiceJet concerning an insolvency plea filed over a ₹68 crore default. The case highlights ongoing financial struggles faced by the airline and signals potential insolvency proceedings if the matter is not resolved.

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NCLT issues notice to SpiceJet in another insolvency plea over ₹68 crore default

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