New Delhi, March 21 -- Budget carrier SpiceJet is facing fresh insolvency proceedings, this time from Indonesia's PT BBN Airlines over unpaid lease rentals totalling $5.94 million.

The National Company Law Tribunal (NCLT), Delhi bench, heard the case on Friday but has yet to issue a notice after SpiceJet sought time to respond. The tribunal has scheduled the next hearing for 21 April.

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PT BBN Airlines claims SpiceJet leased three Boeing aircraft under specific agreements, took possession on 9 June 2024, and used them for operations. However, the airline allegedly defaulted on lease payments between May and September 2024.

According to the lessor, Spic...