SpiceJet, Credit Suisse settle dispute over non-payment of Rs 24 million dues

Low-cost carrier SpiceJet has settled a dispute over non-payment of about $24 million (nearly Rs 181.11 crore) to Switzerland-based investment bank and financial services firm Credit Suisse AG.

The settlement involves payment of a certain amount upfront and the balance over a mutually agreed timeline, SpiceJet said in a statement. The airline, however, did not disclose the quantum of the payments.