The Supreme Court on Friday granted three weeks’ time to SpiceJet Ltd to resolve its dispute with Credit Suisse AG and stayed the Madras High Court’s order that allowed a winding up of the low-cost airline.
The BSE-listed SpiceJet has challenged the Madras High Court order of January 11, allowing the winding-up petition filed by Credit Suisse against the company for default of about $24 million. The High Court had also directed the official liquidator to take over the assets of SpiceJet.
