Key Points
Credit Suisse told the court that while SpiceJet had made some payments, an outstanding amount of around $4.4 million is yet to be paid.Reuters..
The Supreme Court on Wednesday gave SpiceJet time till July 18 to pay the settlement amount to Credit Suisse in the $24-million dispute...
An apex court Bench comprising Justices AS Bopanna and Hima Kohli deferred the hearing on the contempt petition filed by Credit Suisse after the cash-strapped airline reiterated its commitment to pay the settlement amount...
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21, Apr, 23A bench led by judges A.S. Bopanna and Hima Kohli did not issue any notice to the airline, but agreed to hear the matter on 17 May.
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19, Feb, 24The Supreme Court directed SpiceJet to clear all outstanding dues to Credit Suisse by March 15. The court had earlier granted SpiceJet six months to settle arrears with Credit Suisse. SpiceJet, facing financial challenges, has also bid for bankrupt carrier Go First. Ajay Singh, SpiceJet CMD, has been summoned to appear before the court on March 22
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