NCLT fines SpiceJet, Aviator ML INR 15 lakh for last-minute settlement disclosure

The National Company Law Tribunal (NCLT) has fined carrier SpiceJet and aircraft lessor Aviator ML 29641 Ltd a combined INR 15 lakh for informing the tribunal about their settlement at the last minute, after orders had already been reserved in eight insolvency petitions against the airline. The tribunal directed both parties to pay INR 7.5 [...] The post NCLT fines SpiceJet, Aviator ML INR 15 lakh…