Aircastle gets two weeks to frame a reply to SpiceJet
Aircastle (Ireland) has been granted two weeks by the National Company Law Tribunal (NCLT) to respond to Spicejet's application opposing the insolvency petition filed by the lessor. Aircastle (Ireland) filed a petition in April 2021 under section 9 of the Insolvency and Bankruptcy Code (IBC), 2016 to initiate the corporate insolvency resolution process against Spicejet Ltd.