Denemek ALTIN - Özgür
Fresh insolvency claims crowd SpiceJet's runway
Mint New Delhi
|March 07, 2025
New legal battles could further complicate the cash-strapped airline's recovery
SpiceJet Ltd has been hit with fresh insolvency claims from three Ireland-based aircraft lessors and a former pilot over defaults on rental and employment dues, just as the financially-strained airline prepares to revive operations.
Three Irish lessors—NGF Genesis Ltd, NGF Charlie Ltd, and NGF Alpha Ltd—have alleged that SpiceJet defaulted on rental payments, with their combined claims amounting to $12.4 million.
These entities approached the National Company Law Tribunal (NCLT) after previously serving a legal notice to the airline in December, accusing it of theft of aircraft parts, including engines, from five leased Boeing 737 freighter planes. Additionally, a former SpiceJet pilot, Devesh Bbyan, has filed a claim for ₹1.70 crore towards unpaid employment dues for March 2020 to August 2022.
During a brief hearing at the Delhi bench of the insolvency court, SpiceJet sought time to respond as its settlement talks were underway. Consequently, NCLT adjourned its hearing of the lessors' cases until April.
Bu hikaye Mint New Delhi dergisinin March 07, 2025 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
Zaten abone misiniz? Oturum aç
Mint New Delhi'den DAHA FAZLA HİKAYE
Mint New Delhi
India opens wheat export taps as global prices rise
India is set to more than double its export quota for wheat, including for its flour products atta as global prices rise
3 mins
April 13, 2026
Mint New Delhi
How Hong Kong helps the flow of Iran's hidden billions
For years, Hong Kong has flourished as China's hub for helping Iran survive punishing sanctions
5 mins
April 13, 2026
Mint New Delhi
Failed peace talks bode ill for markets, economy
A prolonged war will impact global growth and set back a fledgling market recovery
6 mins
April 13, 2026
Mint New Delhi
How Indian art braved two wars, one pandemic
Vaccine king Cyrus Poonawalla bagged Raja Ravi Varma’s Yashoda & Krishna with a ₹67.2 crore bid on 1 April, setting a new record and proving that modern Indian art retains its shine even in the backdrop of uncertainty and war.
2 mins
April 13, 2026
Mint New Delhi
Air India to offer stock options tied to performance
Air India is set to offer its employees performance-linked stock options in a bid to reward and attract talent, as the airline pursues profitability four years after its takeover by the Tata Group.
3 mins
April 13, 2026
Mint New Delhi
TCS payouts to Tata Sons cool as AI investments, acquisitions rise
Tata Consultancy Services Ltd's (TCS) shareholder payouts to its parent Tata Sons have shown a fluctuating but broadly downward trend in recent years, potentially constraining the holding company’s ability to fund its capital-intensive businesses.
3 mins
April 13, 2026
Mint New Delhi
Asian manufacturing is in flux as policy reforms assume urgency
Caught between a protectionist US and an export-muscle-flexing China, other Asian economies must respond with alacrity
4 mins
April 13, 2026
Mint New Delhi
RBI can get banks to use customer-oriented incentives
Agents and employees representing banks and non-bank financial companies (NBFCs) have been known to frequently push inappropriate products on hapless customers in their zeal to boost sales and rake in the commissions that come with them.
3 mins
April 13, 2026
Mint New Delhi
India to hike wheat export quota to tap global price rise
“Given the comfortable stock position and strong wheat output, allowing room to increase exports,” said the second person cited above, who also did not want to be named.
1 mins
April 13, 2026
Mint New Delhi
HOW FAKE ARTISTES MAKE MUSIC, AND MONEY
AI generated tracks are piggybacking on the reputation of real musicians to make illicit gains.
8 mins
April 13, 2026
Listen
Translate
Change font size