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SpiceJet Reprimanded by Bankruptcy Court Over Last-Minute Aircraft Lessor Deal

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India’s bankruptcy court rebuked SpiceJet for a last-minute settlement with an aircraft lessor ahead of rulings on eight pending bankruptcy petitions, calling it a waste of judicial time and asking whether more deals were coming. Admission of even one petition could trigger a court-supervised resolution with an independent controller as creditors consider restructuring. The airline’s market share fell to 1.9% in June despite receiving 150 crore rupees in government-backed credit, while lessors’ pressure continues.

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