A Division Bench of Justices Rajiv Shakdher and Amit Bansal made it clear that it will not grant any interim relief to SpiceJet as the low-cost carrier owes nearly ₹120 crore to the lessor.
“As far as we are concerned, we are not giving any interim order. We have heard you, no interim order… ₹120 crore outstanding amount… you have cannibalised the aircraft, taken away the engines, that is the prima facie view,” the Court said.
Senior Advocate Amit Sibal appeared for SpiceJet and said that the company is struggling financially and if it meets the same fate as Go Air, there will be virtual duopoly in the airline industry.
The Court said that if SpiceJet withdraws the appeal, the Court would give the airline some time to comply with the single-judge’s order.
SpiceJet agreed to the suggestion and withdrew the plea.
The Bench then said that the aircraft, engines and technical records shall be returned by June 17.
Source: Barandbench
