Shares of SpiceJet Limited gained on 12 June, touching a day high of Rs 12.31 on the BSE. The stock rose nearly 5% after the Delhi bench of the National Company Law Tribunal dismissed a fresh insolvency petition filed against the airline by a former pilot.

The petitioner was Devesh Bbyan, a former SpiceJet pilot who had claimed Rs 1.7 crore in unpaid dues covering the period March 2020 to August 2022. 

The bench comprising judicial member Mahendra Khandelwal and technical member Anu Jagmohan dismissed the plea outright.

Just weeks earlier, on 19 May, the same bench had dismissed petitions from two other former pilots, Sameer Breja and Karan Gupta, who had together claimed around Rs 2.54 crore in unpaid dues. 

The tribunal had noted then that employer-employee disputes fall outside its jurisdiction as an insolvency court.

A second factor pushed the stock higher on Friday. Brent crude fell toward $89 a barrel, its lowest level since March, after Trump suspended planned military strikes on Iran and told reporters that a peace deal could be signed as early as this weekend. 

Lower fuel costs help all airlines, and for SpiceJet the relief is particularly meaningful given the financial pressure it has been operating under.

The airline reported a net loss of Rs 269.27 crore in the December 2025 quarter, an improvement from the Rs 633.80 crore loss in the September 2025 quarter. 

Revenue for December 2025 stood at Rs 1,384.31 crore, as per BSE filings. At 13:04 on 12 June, SpiceJet was trading at Rs 12.07, up 4.87% on the BSE.

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