The Supreme Court on Tuesday agreed to hear on January 28 the plea of SpiceJet against a Madras High Court order admitting winding-up petition and directing the official liquidator to take over the assets of the low-cost airline.
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 it’s winding up and directing the official liquidator attached to the High Court to take over the assets.
Credit Suisse AG, a Swiss firm, had moved the single-judge bench of the high court alleging that SpiceJet failed to honour its commitment to pay the bills for over USD 24 million raised by it towards maintenance, repairing, and overhauling of the aircraft engines and components.
