NEW DELHI: The Supreme Court on Friday gave private carrier SpiceJet three weeks to resolve its financial dispute with Swiss firm Credit Suisse. However, an apex court bench, headed by Chief Justice of India NV Ramana, showed displeasure on the way the airline has conducted in the case and even said about declaring it insolvent.
“What is this? Do you want to run or close the shop … you better produce your financial status. It is not the way to run your airlines. You cannot say that you are a busy airline and I do not want to pay anybody. You see this as serious matter. If you do not want to run the airline then we will declare that you are insolvent and go for the liquidation,” the top court said to lawyer Harish Salve, who was representing SpiceJet.
