NCLT reserves order in Aircastle’s insolvency case against Spicejet

NCLT has reserved its order in the insolvency petition filed by Aircastle Limited against SpiceJet. Aircastle's petition has been questioned by SpiceJet's counsel, who argues that Aircastle's separate petition under the Insolvency and Bankruptcy Code raises doubts about the maintainability of the current petition. Aircastle's counsel argues that the two petitions deal with separate cases of default.
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