SpiceJet faces setback as SC backs order to ground engines
WEB1 day ago · A bench, led by Chief Justice of India Dhananjaya Y Chandrachud, observed that SpiceJet was free to engage in negotiations with the lessors, Team France 01 SAS and Sunbird France 02 SAS, over the ...
SC dismisses SpiceJet's plea against HC order grounding 3 aircraft ...
WEB1 day ago · India News: The Supreme Court upheld a Delhi High Court ruling directing SpiceJet to ground three aircraft engines over unpaid dues to lessors. SpiceJet is negoti
SC affirms high court order to SpiceJet to return 3 leased aircraft ...
WEB2 days ago · A bench, led by Chief Justice of India Dhananjaya Y Chandrachud, observed that SpiceJet was free to engage in negotiations with the lessors, Team France 01 SAS and Sunbird France 02 SAS, over the ...
SpiceJet gets weekend task from SC to stop losing three engines …
WEB2 days ago · Synopsis. The Supreme Court instructed SpiceJet to negotiate with its lessors over the weekend regarding three engines that must be returned due to non-payment of lease rentals. The court declined to interfere with a High Court order requiring the airline to ground the engines and return them to Team France 01 SAS and Sunbird France 02 SAS ...
Supreme Court dismisses SpiceJet’s appeal, upholds grounding
WEB2 days ago · Photo: Reuters. 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 ...
SC dismisses SpiceJet's plea against HC order grounding 3 aircraft ...
WEB2 days ago · The Supreme Court on Friday upheld an order of the Delhi High Court which directed low-cost airline SpiceJet to ground three aircraft engines for defaulting on payments to lessors. A bench comprising Chief Justice D Y Chandrachud and Justices J B Pardiwala and Manoj Misra dismissed the appeal filed ...
Delhi high court upholds order asking SpiceJet to return three …
WEBSep 11, 2024 · A division bench of the Delhi high court on Wednesday upheld a single judge’s order directing the budget airline SpiceJet to ground three engines and return them to the lessor—Team France 01 ...
Indian carrier SpiceJet to raise $360 mln in latest move to restore ...
WEBJul 23, 2024 · India's SpiceJet said on Tuesday it plans to raise 30 billion rupees (around $360 million) by selling securities, including shares, marking the troubled budget carrier's latest attempt to shore...
SpiceJet to borrow Rs 400 cr to revive 25 grounded aircraft after …
WEBMay 3, 2023 · Domestic carrier SpiceJet will borrow nearly Rs 400 crore to revive 25 grounded aircraft, the company said in a statement on Wednesday. The development comes after its rival Go First on Tuesday filed for insolvency proceedings with the National Company Law Tribunal (NCLT).
SpiceJet QIP: Board greenlights 48.7 crore share allotment
WEB1 day ago · SpiceJet's board has approved issuing 48.7 crore equity shares to institutional investors, raising nearly ₹3,000 crore. The funds will aid in settling statutory dues and creditor liabilities amidst the airline’s financial struggles. SpiceJet announced on Saturday that its board has approved the issuance and allotment of 48.70 crore equity ...