Authority: National Company Law Tribunal, New Delhi Court-V (Special Bench)
Order Date: June 12, 2026
Case Overview
The matter involves an insolvency petition filed under Section 9 of the Insolvency and Bankruptcy Code (IBC) by AWAS 36698 Ireland Limited (Operational Creditor) against Spicejet Limited (Corporate Debtor). The case is registered as IB-178/ND/2024. The Special Bench comprising Hon'ble Member (Judicial) Shri Mahendra Khandelwal and Hon'ble Member (Technical) Ms. Anu Jagmohan Singh heard re-joined arguments from Mr. Promod Nair, Senior Counsel representing the Operational Creditor. Mr. Sanjay Gupta, along with Ms. Aditi Pundhir, Ms. Manisha Sharma, and Mr. Rishabh Wahi, Advocates, appeared for the Corporate Debtor (SpiceJet). Arguments on behalf of the Corporate Debtor had already been heard previously.
The tribunal has directed both parties to file short written submissions along with any relevant judicial decisions they wish to rely upon. The matter has been adjourned and is now listed for the next hearing on July 8, 2026.
Final Outcome
The petition remains pending before the NCLT. No final decision on admission or dismissal has been rendered. The proceedings have been adjourned to July 8, 2026, for further consideration after receipt of written submissions from both parties.
Topics: Insolvency Petition, Aviation Sector, NCLT Proceedings