Spicejet faces another insolvency plea from operational creditor; NCLT issues notice

Quick Summary:

The National Company Law Tribunal has issued a notice to SpiceJet based on a plea by Techjockey Infotech Pvt Ltd, which claims a default of Rs 1.2 crore.

SpiceJet is facing multiple insolvency petitions and has raised Rs 3,000 crore through share sales to settle its liabilities with creditors.

A two-member NCLT bench, comprising Mahendra Khandelwal and Sanjeev Tanjan, has directed Spicejet to file a reply and list the matter for the next hearing on November 14.

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Article Details

Author / Journalist: PTI

Category: EconomyBusiness

Markets: IndiaIrelandMauritiusSingapore

Topics: Insolvency plea Business news NCLT Spicejet Airline Creditors Operational creditor Corporate insolvency resolution process Bankruptcy Techjockey Infotech SpiceJet Finance

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-23 @ 17:29:22 (6 days ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 755 words

Reading Time: 5 minutes read

Sentences: 29 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 22652579

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