Aircastle (Ireland) had filed a petition against Spicejet under section 9 of the Insolvency & Bankruptcy Code 2016 on April 28, based on which the court issued a notice to the airline on May 8.
The petitioner also sought time from the special bench of the NCLT to reply to the interlocutory appeal filed by Spicejet on June 5.
Willis Lease Finance Corporation, another aircraft leasing company, had filed a separate section 9 petition against Spicejet, listed on June 8.
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Go First Seeks DGCA Nod to Restart Ops with 22 AircraftWadia Group-owned airline Go First has sought approval to restart flights with 22 planes for the next five months. The Directorate General of Civil Aviation (DGCA) had asked for a resumption plan last week after meeting the Go First management.
Titan Plan to Buy Out CaratLane Hits Valuation HurdleDifferences have emerged between the Tata Group and the founders of CaratLane over the valuation of the residual stake held by the founders, leading to a months-long deadlock, said people aware of the matter. India’s largest omni-channel jewellery brand is majority owned by Tata Group company Titan.
Baring, Blackstone, 3 Others in Fray to Acquire Indira IVFBaring PE Asia EQT, Blackstone, Bain Capital, Advent International and TPG Capital have submitted non-binding bids to acquire a majority stake in India’s largest fertility clinic chain, Indira IVF, said people with knowledge of the matter. The deal is expected to value the chain at ₹8,000-10,000 crore ($1-1.2 billion).
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