{"id":464733,"date":"2022-01-29T10:08:48","date_gmt":"2022-01-29T04:38:48","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=464733"},"modified":"2022-01-29T11:36:16","modified_gmt":"2022-01-29T06:06:16","slug":"sc-grants-three-weeks-to-spicejet-to-resolve-financial-issues-with-swiss-firm-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/sc-grants-three-weeks-to-spicejet-to-resolve-financial-issues-with-swiss-firm-2\/","title":{"rendered":"SC grants three weeks to SpiceJet to resolve financial issues with Swiss firm"},"content":{"rendered":"<p>In a relief to SpiceJet Ltd, the Supreme Court on Friday suspended the Madras High Court&#8217;s order on winding-up of the airline company for three weeks time in order to allow the carrier to resolve its issues with regard to non-payment of unpaid dues to the tune of $24.01 million to Swiss stock corporation Credit Suisse AG. <\/p>\n<p>A bench presided over by Chief Justice N V Ramana, however, told the company if it doesn&#8217;t want to run airlines, the court would declare it insolvent and order its liquidation.<\/p>\n<p>The HC had stayed the operation of its order, including the publication of the winding-up order for SpiceJet, till Friday so as to allow the airline to move the top court.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a relief to SpiceJet Ltd, the Supreme Court on Friday suspended the Madras High Court&#8217;s order on winding-up of the airline company for three weeks time in order to allow the carrier to resolve its issues with regard to non-payment of unpaid dues to the tune of $24.01 million to Swiss stock corporation Credit Suisse AG. A bench presided over by Chief Justice N V Ramana, however, told the company if it doesn&#8217;t want to run airlines, the court would declare it insolvent and order its liquidation. The HC had stayed the operation of its order, including the publication [&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":[176,146,130],"tags":[],"class_list":["post-464733","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-deccan-herald-newspapers","category-deccan-herald-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/464733","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=464733"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/464733\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=464733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=464733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=464733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}