In a notable development, SpiceJet and Celestial have taken a step closer to resolving their legal dispute with the National Company Law Tribunal (NCLT) by granting an extension of time for settlement talks. This decision marks a positive turn in the long-standing legal proceedings between the two aviation entities and indicates the willingness to reach an amicable agreement.

The extension provided by NCLT indicates that both SpiceJet and Celestial are actively engaged in negotiations to find common ground. This development is expected to pave the way for a possible agreement that could end the legal impasse and promote a more stable environment within the aviation industry.

As SpiceJet and Celestial use the allotted time to navigate deal discussions, stakeholders and the broader aviation community will closely monitor the proceedings. The extension by the NCLT reflects a recognition of the complexities involved and a commitment to providing adequate time to the parties involved to reach a mutually acceptable solution.