+
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
Technology

Six ways a smarter workflow leads to faster, more accurate bids

In today’s fast-paced civil construction environment, estimators need more than just solid numbers. They need smart, streamlined processes. This article explores six key ways connected workflows can transform the estimated approach, help in minimising risk, move faster, and improve accuracy. By integrating tools, data, and teams, one can produce stronger bids with less rework, fewer surprises, and more confidence. As an estimator, the job goes beyond producing numbers. They are responsible for delivering bids that are fast, accurate, and built to win. In today’s civil construction ind..

Next Story
Real Estate

Experion Launches Women-Only Co-Living Project in Greater Noida

Experion, part of Singapore-based AT Capital Group, has launched its first co-living space under its managed rental housing brand, VLIV, in Greater Noida. The all-women residence features 730 twin-sharing beds with a strong focus on safety, comfort, and well-being. VLIV has committed a $300 million investment to create a structured, service-led rental housing ecosystem in India. The brand aims to scale up to 20,000 beds in the next few years, with a long-term target of 100,000 beds nationwide. “India’s rental housing is fragmented. VLIV is our way of building long-term, dependabl..

Next Story
Infrastructure Urban

Officine Maccaferri Acquires CPT to Bolster Tunnelling Tech

Ambienta’s platform company, Officine Maccaferri S.p.A., has acquired CPT Group, a leading Italian developer of robotic prefabrication systems and digital control technologies for mechanised tunnelling. The move positions Maccaferri as a global player in integrated tunnelling solutions, blending traditional and advanced mechanised systems. Based in Nova Milanese, CPT serves major global contractors across Europe, Southeast Asia, and Australia. The company offers robotic prefabrication (Robofactory), productivity-monitoring software for Tunnel Boring Machines (TBMs), and eco-designed spa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?