• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Business

No Respite For Troubled Spicejet As NCLT Issues Notice Over Another Insolvency Plea

OMMCOM NEWS by OMMCOM NEWS
September 23, 2024
in Business

New Delhi:  The National Company Law Tribunal (NCLT) on Monday issued a notice to embattled low-cost carrier SpiceJet over a petition by Techjockey Infotech Pvt Ltd, one of its operational creditors.

Software solutions startup Techjockey Infotech filed an insolvency case against cash-strapped airline SpiceJet for an alleged default of around Rs 1.18 crore.

The petition was filed under section 9 of the Insolvency and Bankruptcy Code. It aims to initiate insolvency proceedings against the airline for default that stems from a 2021 agreement wherein SpiceJet acquired cloud services.

The NCLT has admitted the case for consideration and issued a notice to SpiceJet. The case is scheduled to be heard on November 14.

This case adds to several insolvency cases against SpiceJet for unpaid dues to various vendors and aircraft lessors. The pleas from Aircastle, AWAS 36698 Ireland, AWAS 36694 Ireland, and AWAS 36695 remain pending, along with Shannon Engine Support Ltd and Engine Lease Finance B.V.

Last week, the Supreme Court upheld the Delhi High Court’s directive requiring SpiceJet to ground and return three aircraft engines leased from French companies due to non-payment of dues, while dismissing the airline’s appeal.

The airline had said in a statement that it is currently in discussions with the aircraft lessor to reach an amicable settlement. “It is important to note that two of the three engines in question are already grounded, and our operations remain completely normal and unaffected. We remain committed to ensuring seamless operations,” the airline added.

Meanwhile, SpiceJet hit a new low with its market share shrinking by 80 bps to 2.3 per cent (month-on-month) in August, largely due to financial woes and increased grounding, carrying just 3.01 lakh domestic passengers. Also, embattled SpiceJet’s board has approved the issuance and allotment of 48.70 crore equity shares to qualified institutional buyers at Rs 61.60 per share to raise Rs 3,000 crore.

(IANS)

ShareTweetSendSharePinShareSend
Previous Post

Sharad Pawar Frowns At Ruling Leaders’ Photos On ‘Ladki Bahin’ Scheme Posters

Next Post

India Claims Maiden Bronze Medal In Asia Pacific Padel Cup

Related Posts

Indian stock markets
Business

Nifty’s Closing Above 25,330 Could Reignite Bullish Momentum: Experts

July 12, 2025
Business

Days After Khemka, Yadav Murders, Another Patna Trader Gunned Down; Business Community Tense

July 12, 2025
Reserve Bank of India
Business

RBI Imposes Monetary Penalty On HDFC Bank, Shriram Finance

July 11, 2025
RBI
Business

India’s Gold Reserves Rise By $342 Million, Forex Stands At $699.736 Billion: RBI

July 11, 2025
FM Sitharaman
Business

FM Sitharaman Kickstarts More Than Rs 1,000 Crore Projects In Meghalaya

July 11, 2025
Silver
Business

Silver Prices Touch All-Time High As Gold Rises Too

July 11, 2025
Next Post

India Claims Maiden Bronze Medal In Asia Pacific Padel Cup

Israel Warns Of Imminent Strikes On Lebanon, Urging Residents To Evacuate

Bharatpur PS Case Victim, Her Father Thank CM For Ordering Judicial Probe

khimji
TPCODL
OMC
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.