{"id":461424,"date":"2022-01-12T09:01:28","date_gmt":"2022-01-12T03:31:28","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=461424"},"modified":"2022-01-12T09:25:18","modified_gmt":"2022-01-12T03:55:18","slug":"madras-high-court-dismisses-spicejets-appeal-against-winding-up-order-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/madras-high-court-dismisses-spicejets-appeal-against-winding-up-order-2\/","title":{"rendered":"Madras High Court dismisses SpiceJet&#8217;s appeal against winding up order"},"content":{"rendered":"<p>Madras High Court has dismissed SpiceJet&#8217;s appeal against a single-judge bench order for its winding up due to non-payment of $24 million to SR Technics- a maintenance and repair company.<\/p>\n<p>The winding-up process allows the liquidator to sell off stocks, pay off the creditors, and distribute the assets to partners and shareholders. <\/p>\n<p>Rejecting the appeal, a division bench of Justice Paresh Upadhyay and Justice Sathi Kumar Sukumara Kurup suspended the order till January 28 to enable the airline to move a further appeal before the Supreme Court.<\/p>\n<p>An airline spokesperson refused to comment on the topic, but a person aware of the matter said that the company will appeal against the order in the Supreme Court.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Madras High Court has dismissed SpiceJet&#8217;s appeal against a single-judge bench order for its winding up due to non-payment of $24 million to SR Technics- a maintenance and repair company. The winding-up process allows the liquidator to sell off stocks, pay off the creditors, and distribute the assets to partners and shareholders. Rejecting the appeal, a division bench of Justice Paresh Upadhyay and Justice Sathi Kumar Sukumara Kurup suspended the order till January 28 to enable the airline to move a further appeal before the Supreme Court. An airline spokesperson refused to comment on the topic, but a person aware [&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-461424","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\/461424","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=461424"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/461424\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=461424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=461424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=461424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}