FE BUREAU Chennai, January 11
THE MADRAS HIGH Court on Tuesday dismissed the appeal by SpiceJet against its single judge order to wind up the low cost airline on a Credit Suisse AG's petition relating to nonpayment of $24 million to SR Technics, a maintenance and repair company.
A division bench of justices Paresh Upadhyay and Sathi Kumar Sukumara Kurup, extended the suspension of the order till January 28, to enable the airline to move a further appeal before the Supreme Court.
"Since we have not entertained these appeals, there is nothing to be stayed so far this order is concerned. However, to see that challenge if any to this order remains meaningful to the appellant, the stay granted by the company court which is in force till today shall stand extended till January 28,” the bench said.
This story is from the January 12, 2022 edition of Financial Express Mumbai.
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This story is from the January 12, 2022 edition of Financial Express Mumbai.
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