{"id":454756,"date":"2021-12-08T10:09:42","date_gmt":"2021-12-08T04:39:42","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=454756"},"modified":"2021-12-08T10:37:22","modified_gmt":"2021-12-08T05:07:22","slug":"madras-high-court-orders-winding-up-of-spicejet-over-outstanding-dues-3","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/madras-high-court-orders-winding-up-of-spicejet-over-outstanding-dues-3\/","title":{"rendered":"Madras High Court orders winding up of SpiceJet over outstanding dues"},"content":{"rendered":"<p>The Madras High Court has ordered the winding up of SpiceJet and asked the official liquidator to take over the low-cost airline\u2019s assets in a case related to non-payment of unpaid dues of around $24.01 million to Swiss stock corporation Credit Suisse AG.<\/p>\n<p>While directing winding up of the carrier, Justice R Subramanian, however, kept his order in abeyance for three weeks, if SpiceJet deposits $5 million within two weeks. In a filing to stock exchanges on Tuesday, SpiceJet said it will soon initiate \u201cappropriate remedial steps including preferring an appeal\u201d against the order before a higher bench \u201cwithin the time frame allowed by the Madras High Court.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Madras High Court has ordered the winding up of SpiceJet and asked the official liquidator to take over the low-cost airline\u2019s assets in a case related to non-payment of unpaid dues of around $24.01 million to Swiss stock corporation Credit Suisse AG. While directing winding up of the carrier, Justice R Subramanian, however, kept his order in abeyance for three weeks, if SpiceJet deposits $5 million within two weeks. In a filing to stock exchanges on Tuesday, SpiceJet said it will soon initiate \u201cappropriate remedial steps including preferring an appeal\u201d against the order before a higher bench \u201cwithin 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":[130],"tags":[],"class_list":["post-454756","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/454756","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=454756"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/454756\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=454756"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=454756"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=454756"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}