SpiceJet hit a new low with its market share shrinking by 80 bps to 2.3 per cent (month-on-month) in August, largely due to financial woes and increased grounding, carrying just 3.01 lakh domestic passengers.

The National Company Law Tribunal (NCLT) on Monday issued a notice to embattled low-cost carrier SpiceJet over a petition by

Last week, the Supreme Court declined to interfere with a Delhi High Court order that grounded three engines leased to SpiceJet by French companies Team France 01 SAS and Sunbird France 02 SAS.

NCLT issues notice to SpiceJet after Techjockey Infotech files plea over Rs 1.18 crore unpaid operational debt. Hearing set for November 14.

The National Company Law Tribunal has issued a notice to SpiceJet over a plea by Techjockey Infotech Pvt Ltd, claiming a default of Rs 1.2 crore. SpiceJet is already facing multiple insolvency petitions from various creditors.

Based in Ireland, ELF is the world's leading independent engine financing and leasing company and claimed a payment default of over $12 million (around Rs 100 crore).

The court was told that the said debt has been acknowledged by the airline and yet there has been no compliance

SpiceJet said on Monday that it has successfully raised Rs 3000 crore through its recently concluded Qualified Institutional Placement (QIP). In addition to the Rs 3,000 crore, SpiceJet claims it will also receive an additional Rs 736 crore from the previous funding round,

The National Company Law Tribunal (NCLT) on Monday issued notice to debt-ridden air carrier SpiceJet over the plea filed by one of its operational creditors.