The National Company Law Tribunal (NCLT), New Delhi Bench, on Monday issued a notice to cash-strapped airline SpiceJet over operational debt of around Rs 1.18 crore.
The bench, comprising Judicial Member Mahendra Khandelwal and Technical Member Dr Sanjeev Tanjan, was hearing a petition against SpiceJet under Section 9 of the Insolvency and Bankruptcy Code, 2016.
Section 9 of the Insolvency and Bankruptcy Code (IBC) of 2016 allows operational creditors to initiate a corporate insolvency resolution process (CIRP) by filing an application with the adjudicating authority (that is, the NCLT).
The operational creditor, M/s Techjockey Infotech Private Limited, filed the application seeking an insolvency resolution process against the airline for not paying dues for the software services availed by them.
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The court was told that the said debt has been acknowledged by the airline and yet there has been no compliance.
Considering this, the NCLT directed the airline to file a reply before the next date of hearing, which is on November 14.
First Published: Sep 23 2024 | 7:25 PM IST
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