SpiceJet pays $1.5 million to Credit Suisse as per SC’s directive

SpiceJet on Friday stated that it has complied with the Supreme Court directive by paying $1.5 million to Credit Suisse on Thursday.

The apex court had on Monday told SpiceJet chairman and managing director (CMD) Ajay Singh that it was “not worried” even if the low-cost airline “shuts down.”

It also added that it would take “drastic measures” if Singh did not pay $1.5 million dues to the Swiss financial services firm by September 15. The court had also asked Singh to submit a proof of this payment.