Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
Legal Woes Mount as Fresh Insolvency Plea Hits SpiceJet
Mint Bangalore
|March 22, 2025
The lessor claims SpiceJet took delivery of three Boeing jets in June, but missed May-September 2024 payments
Budget carrier SpiceJet is facing fresh insolvency proceedings, this time from Indonesia's PT BBN Airlines over unpaid lease rentals totalling $5.94 million.
The National Company Law Tribunal (NCLT), Delhi bench, heard the case on Friday but is yet to issue a notice after SpiceJet sought time to respond. The next hearing is scheduled for 21 April.
PT BBN Airlines claims SpiceJet leased three Boeing aircraft under specific agreements, took possession on 9 June 2024, and used them for operations. However, the airline allegedly defaulted on lease payments between May and September 2024.
This story is from the March 22, 2025 edition of Mint Bangalore.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Bangalore
Mint Bangalore
Conglomerates strike a gold mine in land assets
A surge in property prices after the covid pandemic has made real estate an attractive opportunity for Indian conglomerates, which are rapidly expanding their realty businesses.
1 mins
October 25, 2025
Mint Bangalore
Coforge outshines in Q2 as tech rivals navigate haze
Coforge’s optimism contrasts IT’s Big Five who are still uncertain about the environment
3 mins
October 25, 2025
Mint Bangalore
How the British tried to tame India’s diverse and amorphous queer past
In spite of its missteps, there is much to admire in this largely curatorial history of Indian desire and legislation
6 mins
October 25, 2025
Mint Bangalore
TVS Motor eyes shift to top gear with plans for Norton’s revival
TVS Motor Co is revving up its global ambitions through Norton Motorcycles, the British marquee brand it acquired five years ago.
1 min
October 25, 2025
Mint Bangalore
Microdramas and the real characters behind food
Where do you get your information about the hottest new openings in town? For most of us chronically online folks, it’s probably Instagram.
3 mins
October 25, 2025
Mint Bangalore
Euro masters shine a light on Indian golf
When the world's best players came to Delhi, the result was riveting golf that tested the masters
3 mins
October 25, 2025
Mint Bangalore
FM tells tax officials to be accountable to taxpayers
Finance minister Nirmala Sitharaman on Friday asked tax officials to redefine their approach to taxpayers and be more prompt, helpful, agile and accountable for building a 21st century India.
1 min
October 25, 2025
Mint Bangalore
Mysuru brews a fresh café culture
The city's classic flavours intermingle with bakeries and cafes as migration and changing work habits bring new customers
3 mins
October 25, 2025
Mint Bangalore
Speaking love in a world of swipes
Hookup slang is hollowing out the language of desire and eroding the emotional depth in dating and sex
4 mins
October 25, 2025
Mint Bangalore
The school that empties its own toilets
Students and teachers at this Tamil Nadu school, which only has dry toilets, spend Gandhi Jayanti turning waste into soil
6 mins
October 25, 2025
Listen
Translate
Change font size