SpiceJet assures Supreme Court of clearing dues to Credit Suisse through monthly installments
SpiceJet on Friday gave an undertaking to the Supreme Court that it would pay a monthly instalment of $1 million every month for the next six months and, thereafter, $500000 every month to clear its outstanding dues to Credit Suisse.
The assurance was given by the company’s counsel to a bench of Justice Vikram Nath and Justice Ahsanuddin Amanullah during the hearing of a contempt petition filed by Credit Suisse, accusing the airline of failing to abide by its earlier commitment to pay all outstanding dues.
