{"id":454535,"date":"2021-12-07T09:18:15","date_gmt":"2021-12-07T03:48:15","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=454535"},"modified":"2021-12-07T10:29:12","modified_gmt":"2021-12-07T04:59:12","slug":"hc-allows-winding-up-plea-against-spicejet-by-credit-suisse-ag","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/hc-allows-winding-up-plea-against-spicejet-by-credit-suisse-ag\/","title":{"rendered":"HC allows winding-up plea against SpiceJet by Credit Suisse AG"},"content":{"rendered":"<p>The Madras High Court on Monday allowed the winding petition filed by Credit Suisse AG against SpiceJet NSE 1.31 % Ltd for the default of about $20 million. The court has also directed the official liquidator to take over the assets of SpiceJet. The airline can challenge the ruling.<\/p>\n<p>The court ruled this in a case filed in 2015, when Credit Suisse AG approached the court to receive the payment assigned to it by the Switzerland-based SR Technics as receivables from SpiceJet.<\/p>\n<p>Justice R Subramanian has, however, stayed the operation of the order so that the low-cost carrier can challenge the ruling of the single bench in the division bench.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Madras High Court on Monday allowed the winding petition filed by Credit Suisse AG against SpiceJet NSE 1.31 % Ltd for the default of about $20 million. The court has also directed the official liquidator to take over the assets of SpiceJet. The airline can challenge the ruling. The court ruled this in a case filed in 2015, when Credit Suisse AG approached the court to receive the payment assigned to it by the Switzerland-based SR Technics as receivables from SpiceJet. Justice R Subramanian has, however, stayed the operation of the order so that the low-cost carrier can challenge [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[192,130,136],"tags":[],"class_list":["post-454535","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/454535","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=454535"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/454535\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=454535"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=454535"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=454535"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}