+
SpiceJet and Celestial Edge Towards Resolution as NCLT Extends Timeline
AVIATION & AIRPORTS

SpiceJet and Celestial Edge Towards Resolution as NCLT Extends Timeline

In a notable development, SpiceJet and Celestial have moved a step closer to resolving their legal dispute as the National Company Law Tribunal (NCLT) grants an extension of time for settlement discussions. This decision marks a positive turn in the protracted legal proceedings between the two aviation entities and suggests a willingness to reach an amicable resolution.

The extension provided by NCLT indicates that both SpiceJet and Celestial are actively engaged in negotiations to find common ground. This development is anticipated to pave the way for a potential settlement that could bring an end to the legal impasse and foster a more stable environment within the aviation industry.

As SpiceJet and Celestial utilise the granted time to navigate settlement talks, stakeholders and the aviation community at large will closely monitor the proceedings. The extension by NCLT reflects a recognition of the complexities involved and a commitment to allowing the involved parties sufficient time to reach a mutually agreeable resolution.

In a notable development, SpiceJet and Celestial have moved a step closer to resolving their legal dispute as the National Company Law Tribunal (NCLT) grants an extension of time for settlement discussions. This decision marks a positive turn in the protracted legal proceedings between the two aviation entities and suggests a willingness to reach an amicable resolution. The extension provided by NCLT indicates that both SpiceJet and Celestial are actively engaged in negotiations to find common ground. This development is anticipated to pave the way for a potential settlement that could bring an end to the legal impasse and foster a more stable environment within the aviation industry. As SpiceJet and Celestial utilise the granted time to navigate settlement talks, stakeholders and the aviation community at large will closely monitor the proceedings. The extension by NCLT reflects a recognition of the complexities involved and a commitment to allowing the involved parties sufficient time to reach a mutually agreeable resolution.

Next Story
Real Estate

Heena Lalwani Buys Rs 1.13 Billion Juhu Apartment

Heena Lalwani, promoter of Aatman Innovations Private Limited, has purchased a luxury apartment worth Rs 1.13 billion in Mumbai’s upscale Juhu locality, according to property registration documents accessed by Zapkey.com.The 9,862 sq ft apartment, located on the 10th floor of Lodha Developers’ Avalon Tower, was acquired at Rs 115,000 per sq ft and comes with five car parking spaces. The deal, registered on 18 August 2025, also included the payment of Rs 68 million in stamp duty and a Rs 30,000 registration fee.Lodha Developers did not respond to queries regarding the transaction, while the..

Next Story
Real Estate

Godrej Buys KPHB Land for Rs 7 Billion in E-Auction

An acre of prime land in Kukatpally Housing Board (KPHB), Hyderabad, was auctioned for Rs 7 billion, with the Telangana Housing Board generating Rs 5.47 billion from the sale of 7.8 acres through e-auction on 20 August 2025.The auction notification was issued last month, attracting bids from Godrej Properties, Aurobindo Realty, Prestige Estates, and Ashoka Builders, according to Board vice-chairman V.P. Gautham. With an offset price of Rs 4 billion per acre, the three-hour auction saw 46 bid increases, before Godrej Properties acquired the land.Revenue generated from the auction will be utilis..

Next Story
Real Estate

HMDA to Auction 93 Prime Plots in September

The Hyderabad Metropolitan Development Authority (HMDA) is preparing to conduct a three-day auction of prime open plots across Hyderabad, Rangareddy, and Medchal-Malkajgiri districts this September.According to official reports, the e-auction will take place on 17, 18, and 19 September, offering 93 plots. Of these, 70 are located in the Bachupally HMDA layout, with the remainder spread across Turkayamjal, Kokapet, Poppalguda, Chandanagar, Bairagiguda, Gandi Maisamma, Suraram, Medipally, and Bachupally village.The highest upset price has been fixed at Rs 175,000 per square yard for a land parce..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?