The Supreme Court on Friday asked low-cost airline SpiceJet to pay $1 million per month for six months to Credit Suisse AG towards repayment of dues. The airline is already paying $0.5 million as monthly instalment to the Swiss firm.
The court’s direction followed a request by senior advocate Kapil Sibal to a bench of Justices Vikram Nath and Ahsanuddin Amanullah to allow the airline to pay $1 million per month in order to clear part of the arrears in six months. The court said the airline can resume paying $0.5 million to the Swiss firm from the seventh month.
