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SC dismisses SpiceJet's plea against HC order grounding 3 aircraft engines
The Supreme Court upheld a Delhi High Court ruling directing SpiceJet to ground three aircraft engines over unpaid dues to lessors. SpiceJet is negotiating with the lessor for a settlement. Two of the engines are already grounded,
Supreme Court Upholds Delhi HC Order to Ground SpiceJet Engines
The Supreme Court upheld Delhi High Court's directive for SpiceJet to ground three engines due to payment defaults. The airline's appeal against the order was dismissed. SpiceJet is in talks with lessors to settle the issue,
SC asks SpiceJet to return three engines to lessors
In a setback for SpiceJet, the Supreme Court on Friday in its order upheld the Delhi High Court’s decision and directed SpiceJet to ground and return three aircraft engines to their lessors, following the airline’s failure to comply with a previous order regarding payment.
Setback for SpiceJet as Supreme Court upholds order to return engines
The lessors, in their submission to the Supreme Court, highlighted that SpiceJet had undertaken to fulfil its payment obligations but subsequently defaulted, thereby violating the terms of the consent order.
Supreme Court rejects SpiceJet’s appeal against Delhi HC order to ground three aircraft engines
A division bench of the Delhi High Court rejected a single-judge court's judgement directing the low-cost airline to halt the three engines owing to payment delinquency, ruling that the carrier had br
SpiceJet faces setback as SC backs order to ground engines
The airline said while two engines were already grounded, arranging a stand to return the engines would take at least a month, even though they were required to be handed over within 15 days
SpiceJet suffers another setback; Supreme Court asks the airline to ground three engines
SpiceJet faces another setback as the Supreme Court upholds the High Court order to return leased engines due to non-payment of rent. The airline must now ground all three engines.
Supreme Court dismisses SpiceJet’s appeal, upholds grounding of leased engines
The Supreme Court on Friday rejected SpiceJet's plea against a Delhi High Court order that required the cash-strapped airline to ground three engines leased from Team France 01 SAS and Sunbird France 02 SAS over the unpaid dues.
SC affirms high court order to SpiceJet to return 3 leased aircraft engines
In a statement after the Supreme Court ruling, SpiceJet said it was in discussions with the aircraft lessor to reach an amicable settlement
SpiceJet shares slide after Supreme Court directs airline to return three engines to lessors
CNBC-TV18 reported that the airline has been asked to ground and return the three engines within 15 days. Shares of SpiceJet slipped to day's low, falling by over a percent after the news.
cnbctv18
15h
Raymach Tech withdraws insolvency plea against SpiceJet after settlement
The National Company Law Tribunal (NCLT) had earlier been informed of the settlement, which was reached on June 7.
1d
SpiceJet’s Share Sale Said to Lure Tata Mutual Fund Among Others
SpiceJet Ltd.’s $358 million share sale attracted bids from several large investors including Tata Mutual Fund, people ...
20h
SpiceJet gets weekend task from SC to stop losing three engines to lessors
The Supreme Court instructed SpiceJet to negotiate with its lessors over the weekend regarding three engines that must be ...
cnbctv18
11h
Top Stories | Sensex hits record highs, SpiceJet faces setback, iPhone 16 sale goes live, Samsung warns striking workers, & more
TV18’s daily newsletter featuring the top 10 stories on markets, corporate updates, economic insights, and financial ...
The Loadstar
16h
SpiceJet CFO Kirankumar Koteshwar joins UK's Air One group
The former CFO of SpiceJet appears to have joined the UK’s Air One group of companies as CFO, according to a Companies House ...
1d
on MSN
Back from the brink: SpiceJet looks at another lifeline
SpiceJet has secured Rs 3,000 crore in funding through an oversubscribed QIP, giving the struggling airline another chance at ...
2d
SpiceJet's Big Reveal: Airline Hasn't Paid Rs 355 Crore In PF And Tax Dues
SpiceJet has not paid Rs 135.3 crore in Provident Fund payments to employees for periods from April 2020 to August 2023, the ...
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