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NCLT asks SpiceJet's aircraft lessor to file valid Power of Attorney

NCLT asks SpiceJet's aircraft lessor to file valid Power of Attorney

Time of Indiaa day ago

Synopsis
The NCLT has instructed three aircraft lessors of SpiceJet, namely AWAS 36698 Ireland, AWAS 36694 Ireland, and AWAS 36695 Ireland, to submit a current and valid Power of Attorney. This directive follows insolvency pleas filed by the lessors against SpiceJet over a Rs 77 crore default. The matter is scheduled for further hearing on July 3, 2025.

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The newly developed art gallery and other major development initiatives underscore the state government's commitment to urban welfare. Regarding Rajkot's future growth trajectory, the Chief Minister stated that the Government of Gujarat has planned six strategic growth hubs across the state, modelled on the successful example of Surat, with Rajkot as one of the key hubs. To support this vision, a dedicated Regional Economic Plan is being formulated. Rajkot has emerged as a prominent centre for Micro, Small, and Medium Enterprises (MSMEs), along with the engineering, gold and silver, and jewellery-making sectors. CM Patel said that under the leadership of Prime Minister Narendra Modi, efforts are underway to connect these industries to world-class markets, accelerating their global competitiveness and boosting their economic contribution. 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Highlighting the State Government's commitment to ensuring sufficient supply even in remote areas, the Minister stated that while Saurashtra was once considered a water-scarce region, the SAUNI Yojana has transformed the scenario by channelling River Narmada's resources to villages, securing water availability for citizens even during summers. To further enhance water security in Rajkot, the newly inaugurated Moviya, Machhu-1, and Padadhari projects will provide 100 litres per person per day to lakhs of residents across Gondal, Rajkot, Padadhari, Kotda Sangani, and Lodhika regions. On this occasion, Mayor Nayna Pedhadiya expressed her gratitude to the Chief Minister for dedicating development projects worth over Rs 1,623 crore to the Rajkot district within just six months. She also outlined various development initiatives and highlighted pioneering efforts in environmental conservation, such as bore well recharge, subsidies for electric bikes, and solid waste management. Rajkot District Collector Prabhav Joshi delivered the welcome address and outlined the program's structure. He stated that good governance and public welfare remain central to the Gujarat Government's administrative framework. Under the leadership of the Chief Minister, citizens of Rajkot district and the municipal area have been gifted 41 development projects across various government departments, valued at approximately Rs 525 crore. Referring to the inauguration of a new Taluka-level Sports Complex in Jasdan, the Collector highlighted the State Government's commitment to promoting sports through the establishment of this state-of-the-art facility. Built by the district administration on seven acres of land at a cost of Rs 8.40 crore, the complex aims to strengthen the region's sports infrastructure. He further noted that the Chief Minister inaugurated 13 development works worth Rs 343.39 crore and laid the foundation stones for 27 projects valued at Rs 181.67 crore. 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