Authority: National Company Law Tribunal, New Delhi Court-V (Special Bench)
Order Date: 15 July 2026
Case Overview
This is an order from the National Company Law Tribunal (NCLT) in New Delhi concerning an insolvency petition filed under Section 9 of the Insolvency and Bankruptcy Code (IBC). The applicant/operational creditor is Alterna Aircraft V B Limited, and the respondent/corporate debtor is the listed airline, SpiceJet Limited. The matter was listed for hearing on July 15, 2026. The tribunal noted that arguments from the operational creditor's side were heard on the previous date of July 8, 2026. On the current date, counsel for the corporate debtor, SpiceJet, Mr. Sanjay Gupta, was present and informed the bench that their arguing counsel, Mr. Krishnendu Datta, was currently appearing before the National Company Law Appellate Tribunal (NCLAT) and was therefore unavailable.
Final Outcome
The NCLT bench, comprising Member (Judicial) Shri Mahendra Khandelwal and Member (Technical) Ms. Anu Jagmohan Singh, adjourned the matter. The next hearing for arguments from the corporate debtor, SpiceJet Limited, is scheduled for July 23, 2026. The proceeding remains pending with no final decision on the admission of the insolvency petition.
Topics: Insolvency Proceeding, Aviation Sector, Legal Adjournment