Servicer of Aircraft Lessors has no Locus Standi to File Insolvency Proceedings Against SpiceJet in Absence of Privity of Contract: NCLT [read Order]

Servicer of Aircraft Lessors has no Locus Standi to File Insolvency Proceedings Against SpiceJet in Absence of Privity of Contract, rules NCLT Delhi Bench
Servicer - Aircraft Lessors - Locus Standi - File Insolvency Proceedings - SpiceJet - Absence - Privity - Contract-NCLT-TAXSCAN

The New Delhi Bench of the National Company Law Appellate Tribunal (NCLT) observed that the servicer of aircraft lessors has no locus standi to file insolvency proceedings against Spicejet in absence of privity of contract. The present Application was filed on 11.04.2023 before the Adjudicating Authority by Mr. Milan Chitalia, the Authorised Representative of the…

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