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SpiceJet can can pay Credit Suisse in instalments

The Morning Standard

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September 23, 2023

IN a major relief for SpiceJet and promoter Ajay Singh, the Supreme Court (SC) on Friday allowed the low-cost airline to make payments to Credit Suisse of $1 million per month for a duration of six months to clear its dues and arrears.

SpiceJet can can pay Credit Suisse in instalments

Following the completion of the six-month period, Singh and SpiceJet are required to pay regular instalments of $500,000 to Credit Suisse.

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