The Madras High Court has stayed its earlier order of winding up SpiceJet NSE -1.53 % and the airline will soon initiate “appropriate remedial steps including preferring an appeal” against the order before a higher bench, the company said on Tuesday.
In a filing to BSE, the budget carrier said the Madras High Court had on Monday issued an order of “winding up SpiceJet and appointment of official liquidator” in a case filed by Credit Suisse claiming non-payment of USD 24.01 million dues to engine maintenance services firm SRT Technics.
