{"id":454710,"date":"2021-12-08T08:37:39","date_gmt":"2021-12-08T03:07:39","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=454710"},"modified":"2021-12-08T09:18:53","modified_gmt":"2021-12-08T03:48:53","slug":"spicejet-to-appeal-winding-up-order-by-hc-hopeful-of-positive-decision","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/spicejet-to-appeal-winding-up-order-by-hc-hopeful-of-positive-decision\/","title":{"rendered":"SpiceJet to appeal winding up order by HC, hopeful of positive decision"},"content":{"rendered":"<p>SpiceJet on Tuesday said it is hopeful of a favourable outcome in its proposed appeal against a winding up petition ordered by the Madras High Court. <\/p>\n<p>The High Court on Monday ordered winding up of the airline on a petition filed by Credit Suisse over unpaid dues of $24 million. The court also directed an official liquidator to take over the assets of the airline. The order was subsequently stayed for three weeks following a plea by the airline and on the condition that it deposits $ 5 million with the court within two weeks. <\/p>\n<p>\u201cThe company is examining the order and initiating appropriate remedial steps including preferring an appeal before the appellate jurisdiction within the timeframe allowed by the Madras High Court.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SpiceJet on Tuesday said it is hopeful of a favourable outcome in its proposed appeal against a winding up petition ordered by the Madras High Court. The High Court on Monday ordered winding up of the airline on a petition filed by Credit Suisse over unpaid dues of $24 million. The court also directed an official liquidator to take over the assets of the airline. The order was subsequently stayed for three weeks following a plea by the airline and on the condition that it deposits $ 5 million with the court within two weeks. \u201cThe company is examining the [&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":[135,167,130],"tags":[],"class_list":["post-454710","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/454710","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=454710"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/454710\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=454710"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=454710"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=454710"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}