Stay against single judge order against Spicejet extended till Jan 11
The Madras High Court on Thursday extended till January 11, the operation of an interim stay on the verdict of a single judge, which ordered the winding up of private airliner Spicejet for non-payment of USD 24 million to a Switzerland-based stock corporation.
This follows remittance of USD 5 million, as directed by the single judge, earlier.
Meanwhile, Spicejet preferred an appeal challenging the judgment dated December 6 of the single judge R Subramanian, which ordered the winding up of the private carrier and directed the Official Liquidator attached to the High Court to take over its assets.
