SpiceJet Withdraws Appeal, Agrees to Return Leased Aircraft and Engines by June 17
SpiceJet has withdrawn its plea against an order requiring it to return two leased aircraft and three engines to TWC Aviation Capital Limited. The Delhi High Court has granted the airline until June 17 to comply with the order, allowing some time to address operational concerns. SpiceJet contended before the single-judge bench that the UK court’s order was not enforceable in a lawsuit as per Section 13 of the Code of Civil Procedure. The issue dates back to a May 15 order from a single-judge bench, which emphasized that SpiceJet’s continued use of the aircraft and engines without adhering to the lease terms would cause significant harm to TWC. The court noted that failing to return and service the engines properly could lead to irreversible damage, impacting TWC’s ability to monetize them. Court Proceedings and Statements During the latest hearing, senior advocate Amit Sibal, representing SpiceJet, conveyed the airline’s decision to withdraw its appeal. The division bench of Justice Ra...