The National Company Law Tribunal (NCLT) has postponed its decisions regarding eight insolvency cases against SpiceJet. The court expressed frustration that its time had been 'wasted' after the airline announced a settlement on the very day the verdict was expected. These petitions were initiated by aircraft lessors seeking recovery of outstanding payments. In a verbal directive, the tribunal ordered SpiceJet to finalize settlement agreements with its remaining creditors within the next 48 hours.

by shortkt.com✓

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