In a statement after the Supreme Court ruling, SpiceJet said it was in discussions with the aircraft lessor to reach an amicable settlement

A high court bench of Justices Rajiv Shakdher and Amit Bansal refused to interfere with an August 14 order of the single-judge bench to ground the three aircraft engines and hand them over to the lessors, and disposed of SpiceJet's appeals against it.

A division bench of the Delhi High Court rejected a single-judge court's judgement directing the low-cost airline to halt the three engines owing to payment delinquency, ruling that the carrier had br

The Supreme Court upheld a Delhi High Court ruling directing SpiceJet to ground three aircraft engines over unpaid dues to lessors. SpiceJet is negotiating with the lessor for a settlement. Two of the engines are already grounded,

The Supreme Court on Friday rejected SpiceJet's plea against a Delhi High Court order that required the cash-strapped airline to ground three engines leased from Team France 01 SAS and Sunbird France 02 SAS over the unpaid dues.

The lessors, in their submission to the Supreme Court, highlighted that SpiceJet had undertaken to fulfil its payment obligations but subsequently defaulted, thereby violating the terms of the consent order.

CNBC-TV18 reported that the airline has been asked to ground and return the three engines within 15 days. Shares of SpiceJet slipped to day's low, falling by over a percent after the news.