Authority: National Company Law Tribunal, New Delhi Court-V (Special Bench)
Order Date: 12 June 2026
Case Overview
The National Company Law Tribunal (NCLT) heard matters in the insolvency petition filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC). The case involves AWAS 36694 Ireland Limited as the Applicant (Operational Creditor) versus Spicejet Limited as the Respondent (Corporate Debtor). The case is registered as Item No. IB-179/ND/2024. The hearing was conducted in hybrid mode (physical and video conference).
Mr. Promod Nair, Senior Counsel, presented re-joined arguments on behalf of the Operational Creditor. Mr. Sanjay Gupta, along with Ms. Aditi Pundhir, Ms. Manisha Sharma, and Mr. Rishabh Wahi (Advocates), represented the Corporate Debtor, whose arguments had already been heard previously.
The Tribunal, comprising Hon'ble Member (Judicial) Shri Mahendra Khandelwal and Hon'ble Member (Technical) Ms. Anu Jagmohan Singh, heard the arguments from both sides.
Final Outcome
The NCLT adjourned the matter and scheduled the next hearing for July 8, 2026. The Tribunal directed both parties to file short written submissions along with any relevant judicial decisions they wish to rely upon before the next date of hearing. No final decision on the admission or dismissal of the insolvency petition was rendered in this order.
Topics: Insolvency Proceeding, Aviation Sector, Legal Adjournment