SpiceJet, the cash-strapped airline, is facing fresh trouble as two aircraft leasing companies, GASL Ireland and VS MSN, have secured a summary judgment worth $15 million against the airline in the London High Court. This judgment adds to the list of legal challenges for Spicejet, as it has been revealed that at least three more cases have been filed against the airline in the commercial courts in London.
During the court proceedings, it was noted that SpiceJet made several attempts to delay the court's timetable. In one instance, the airline's legal team withdrew from the case, citing non-payment of fees. Subsequently, SpiceJet requested additional time, stating that they were in the process of hiring a new legal team. However, the court was unimpressed with these excuses and insisted that the proceedings must continue. As a result, a summary judgment was entered against the airline.
GASL Ireland and VS MSN are expected to seek enforcement of the UK court's judgment through the National Company Law Tribunal (NCLT) in India. Wilmington Services, another party that had obtained a summary judgment against SpiceJet in London, has already approached the NCLT in India.
With the mounting litigation both in the United Kingdom and India, it remains to be seen what arguments SpiceJet will present to defend itself in these legal battles.
15/06/2023 Moneycontrol News
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