Now Reading: Delhi High Court closes contempt case against SpiceJet chairman
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Delhi High Court closes contempt case against SpiceJet chairman
The Delhi High Court has closed contempt proceedings against SpiceJet chairman Ajay Singh and the airline’s directors over incomplete compliance with an order to hand over two Boeing aircraft and three engines…
The Story in Brief
The Delhi High Court has closed contempt proceedings against SpiceJet chairman Ajay Singh and the airline’s directors over incomplete compliance with an order to hand over two Boeing aircraft and three engines to TWC Aviation Capital. The court said the lessor could seek an execution petition to take possession of the leased assets, since the main case had already been disposed of.
A UK court had ordered SpiceJet to return the assets over unpaid dues of $14 million. SpiceJet told the Delhi High Court that it had handed over the aircraft frame, engines and some technical records and parts. TWC Aviation said complete records were still missing and some aircraft parts had not been provided.
The Indian Opinion
The closure is not the same as a clean bill of health, despite the easy narrative that the court has settled the dispute in SpiceJet’s favour. Nor does TWC Aviation’s account alone prove total non-compliance. The practical test now is whether the lessor files an execution petition and whether SpiceJet supplies the missing technical records and parts. Those steps will show whether the handover is complete.
Source: legal.economictimes.indiatimes.com
This story was synthesised by AI from the source linked above.
