Authority: National Company Law Tribunal, New Delhi Court-V (Special Bench)
Order Date: 12 June 2026
Case Overview
The National Company Law Tribunal (NCLT) New Delhi heard matter IB-180/ND/2024 filed under Section 9 of the Insolvency and Bankruptcy Code (IBC). The case involves AWAS 36695 Ireland Limited as the Operational Creditor/Applicant versus SpiceJet Limited as the Corporate Debtor/Respondent. The special bench comprising Hon'ble Member (Judicial) Shri Mahendra Khandelwal and Hon'ble Member (Technical) Ms. Anu Jagmohan Singh conducted a hybrid hearing (physical and video conference).
Mr. Promod Nair, Senior Counsel represented the Operational Creditor while Mr. Sanjay Gupta, along with Ms. Aditi Pundhir, Ms. Manisha Sharma, and Mr. Rishabh Wahi, Advocates, represented the Corporate Debtor. The tribunal noted that arguments on behalf of the Corporate Debtor had already been heard and re-joined arguments were heard from the Operational Creditor's side.
Final Outcome
The NCLT adjourned the matter and listed it for the next hearing on 08 July 2026. Both parties were directed to file short written submissions along with any relevant judicial decisions before the next hearing date. No substantive decision on the insolvency petition was rendered in this order.
Topics: Insolvency Proceeding, Aviation Sector, Legal Adjournment