Last-minute settlement costs SpiceJet, Aviator ML ₹15 lakh before NCLT
The National Company Law Tribunal allowed Aviator ML to withdraw its insolvency petition against SpiceJet, resulting in a ₹15 lakh settlement. This withdrawal necessitated a rewrite of a judgment covering eight petitions against SpiceJet. The airline's shares fell 2.1% to ₹10.95 following the order, indicating market reaction to the news.