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SpiceJet Monday argued against the maintainability of one of the two petitions from aircraft lessor Aircastle (Ireland) Limited and another one filed by Wilmington Trust SP Services (Dublin) Ltd in the National Company Law Tribunal (NCLT).
Aircastle (Ireland) told the NCLT Monday that it was within its right to file multiple petitions against defaults by SpiceJet on multiple contracts.
The counsel appearing for Aircastle (Ireland) in one of the later petitions filed by the company stated that as these were different aircraft and different invoices, separate petitions were filed by the aircraft lessor.
The counsel stated that there was enough precedence from earlier judgements showing that multiple petitions could be filed by the same company against the corporate debtor.
SpiceJet, in its reply to the application, had stated that the same company cannot have multiple cause of action.
The bench asked the counsel appearing for Aircastle (Ireland) to place the legal precedent on record and listed the matter for August 17.
SpiceJet has also argued against the maintainability of the earlier petition filed by Aircastle (Ireland). The bench granted 10 days to SpiceJet to file a rejoinder. The matter is listed for arguments on August 8.
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