SpiceJet settles $24 million Credit Suisse dispute after 10 years: What’s next?

SpiceJet has completed a payment of $24 million to Credit Suisse. The airline has made the full payment to the banker as part of its settlement agreed upon in May 2022. The full payment of the settlement from the airline comes nearly a decade after the dispute.

The dispute between SpiceJet and Credit Suisse reached the Madras High Court in 2015 and the Supreme Court of India in 2022. Shortly after, the two entities reached an agreement where SpiceJet agreed to pay $24 million to Credit Suisse against a claim of $41.77 million.