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Supreme Court gives SpiceJet a breather on Credit Suisse dues
Hindustan Times
|September 23, 2023
The Supreme Court on Friday allowed low-fare airline SpiceJet to pay Credit Suisse $1 million every month over the next six months to clear its dues.
The court also asked the airline to pay $500,000 every month thereafter, noting that it is behind on monthly payments by $3 million.
The relief for SpiceJet comes after the court on 11 September warned the airline that it had not complied with previous orders and directed it to pay $1.5 million to Credit Suisse by 15 September.
Credit Suisse informed the court it has received the payment of $1.5 million.
This story is from the September 23, 2023 edition of Hindustan Times.
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