Delhi HC Grants SpiceJet Ultimatum

03 May 2024 CW Team

The Delhi High Court has issued a final ultimatum to SpiceJet, directing the airline to pay Rs 50 crore to engine-lessors or face grounding. This stern warning underscores the urgency of resolving the financial dispute and avoiding potential disruptions to SpiceJet's operations.

SpiceJet has been embroiled in a legal battle with engine-lessors over unpaid dues, posing a threat to the airline's ability to continue operating smoothly. The court's intervention serves as a last opportunity for SpiceJet to settle the outstanding payments and avoid the risk of being grounded.

Failure to comply with the court's directive could have severe consequences for SpiceJet, including suspension of its operating licence and disruption of passenger services. The airline must take immediate action to address the financial issue and ensure its continued viability in the aviation industry.

The court's decision highlights the importance of financial stability and compliance with contractual obligations in the aviation sector. It underscores the need for airlines to maintain transparent and responsible financial practices to uphold operational integrity and passenger trust.

SpiceJet's ability to meet the court's ultimatum will determine its future viability and competitiveness in the aviation market. The airline must prioritise resolving the dispute with engine-lessors to safeguard its reputation and ensure uninterrupted service delivery to passengers.

Overall, the Delhi High Court's ultimatum underscores the critical importance of financial discipline and adherence to legal obligations in maintaining the stability and sustainability of the aviation industry.

Real Estate

26 Jun 2026

AGM Vijaylaxmi launches Sixty3 W.E. Bizpark

AGM Vijaylaxmi Group has launched Sixty3 W.E. Bizpark, a mixed-use commercial development in Goregaon East, Mumbai. The project includes contemporary office spaces and a high-street retail component designed to support businesses, retailers and professionals.Located along the Western Express Highway, Sixty3 W.E. Bizpark is planned as a G+25-storey commercial tower. It offers office spaces ranging from 545 sq ft to 3,200 sq ft, with a 3.60 metre floor-to-floor height aimed at improving spatial comfort, natural light and operational efficiency.The project features a high-street retail boulevard ..

Manglam Group to Develop Sheraton Hotel in Jaipur

Manglam Group has signed an agreement with Marriott International to develop a Sheraton hotel on the Jaipur–Ajmer Highway in Jaipur. The project will feature 220 keys and is being developed with an investment of around Rs 3.5 billion across more than 300,000 sq ft.The hotel marks Manglam Group’s third collaboration with Marriott International and forms part of its Rs 10 billion hospitality investment roadmap. The agreement was signed by Amrita Gupta, Director, Manglam Group and CEO, Manglam Spa and Resorts, and Rajeev Menon, President, Asia Pacific excluding Greater China, Marriott Interna..

India Warehousing Show 2026 opens at YashoBhoomi

India's warehousing, logistics, and supply chain ecosystem came together as the 15th edition of India Warehousing Show (IWS) 2026 opened at YashoBhoomi, India International Convention & Expo Centre (IICC), Dwarka, New Delhi on June 25 (Thursday). Organised by RX India, the three-day event will run from 25-27 June 2026, bringing together policymakers, industry leaders, technology providers, and supply chain professionals under one roof. It also features a two-day knowledge conference that will run alongside the exhibition. Inaugurated by Pankaj Kumar, Joint Secretary - Logistics, DPIIT..