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SpiceJet Settles ₹60 Cr Payment Dispute; NCLT Defers Insolvency Orders

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Sig2.85Sen-1.55Env0.00Soc-0.52Gov-2.30

SpiceJet reached a settlement with aircraft lessor Aviator ML over a payment dispute involving about ₹60 crore, but its broader insolvency fight remains unresolved. The NCLT deferred orders in eight petitions, including the Aviator ML case, to August 19 after other lessors objected that SpiceJet was settling with only one creditor. The dispute involves a Boeing 737, while the airline runs about 85 daily flights versus 140 proposed and its market share fell to 1.9% in June from 3.9% in January.

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