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SC grants three weeks to SpiceJet to resolve financial issues with Swiss firm
Updated On: 28 January, 2022 03:21 PM IST | New Delhi | PTI
SpiceJet has rushed to the top court against the January 11 order of a division bench of the high court upholding a recent verdict of a single judge bench ordering its winding up and directing the official liquidator attached to the high court to take over the assets
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Photo for representational purpose. Pic/ istock
The Supreme Court on Friday granted three weeks` time to SpiceJet to resolve its financial dispute with Swiss firm Credit Suisse AG, and stayed the operation of the Madras High Court verdict permitting winding-up petition and directing the official liquidator to take over the assets of the low-cost airline.
A bench headed by Chief Justice N V Ramana took note of the submissions of senior advocate Harish Salve that SpiceJet would try to resolve the issue with the Swiss firm.
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