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.