{"id":461463,"date":"2022-01-12T10:24:43","date_gmt":"2022-01-12T04:54:43","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=461463"},"modified":"2022-01-12T11:30:54","modified_gmt":"2022-01-12T06:00:54","slug":"madras-hc-upholds-winding-up-plea-against-spicejet-by-credit-suisse-gives-time-to-airline-to-challenge-ruling-in-sc","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/madras-hc-upholds-winding-up-plea-against-spicejet-by-credit-suisse-gives-time-to-airline-to-challenge-ruling-in-sc\/","title":{"rendered":"Madras HC upholds winding up plea against SpiceJet by Credit Suisse; gives time to airline to challenge ruling in SC"},"content":{"rendered":"<p>A division bench of the Madras High Court on Tuesday upheld a single bench order to allow a winding-up petition against SpiceJet NSE 0.08 % filed by Credit Suisse AG for defaulting on payment of about $24 million.<\/p>\n<p>The court, however, stayed the operation of the order till January 28, allowing the low-cost carrier time to challenge the ruling in the Supreme Court.<\/p>\n<p>\u201cThe company is examining the order and will take appropriate remedial steps as per legal advice received,\u201d a SpiceJet spokesperson said. <\/p>\n<p>The Zurich-based lender had approached the High Court in 2015 to receive payment assigned to it by Switzerland-based aircraft maintenance, repair and overhaul (MRO) service provider SR Technics as receivables from SpiceJet.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A division bench of the Madras High Court on Tuesday upheld a single bench order to allow a winding-up petition against SpiceJet NSE 0.08 % filed by Credit Suisse AG for defaulting on payment of about $24 million. The court, however, stayed the operation of the order till January 28, allowing the low-cost carrier time to challenge the ruling in the Supreme Court. \u201cThe company is examining the order and will take appropriate remedial steps as per legal advice received,\u201d a SpiceJet spokesperson said. The Zurich-based lender had approached the High Court in 2015 to receive payment assigned to it [&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-461463","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\/461463","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=461463"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/461463\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=461463"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=461463"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=461463"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}