NCLT Dismisses Insolvency Plea Against SpiceJet Over Disputed Employment Dues

CAPT Vs Spicejet Private Limited (NCLT Delhi) The National Company Law Tribunal (NCLT), Delhi, dismissed a Section 9 application filed by an employee seeking initiation of the Corporate Insolvency Resolution Process (CIRP) against SpiceJet Limited for alleged unpaid employment dues of ₹1,13,56,444 along with interest of ₹56,78,222, aggregating to ₹1,70,34,666. The Operational Creditor submitted that he was appointed as a Trainee Captain in April 2019 and claimed that substantial salary dues for the period from April 2020 to August 2022 remained unpaid despite repeated requests and a dema...