{"id":605809,"date":"2023-09-23T09:17:23","date_gmt":"2023-09-23T03:47:23","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=605809"},"modified":"2023-09-23T09:48:53","modified_gmt":"2023-09-23T04:18:53","slug":"sc-allows-spicejet-to-pay-credit-suisse-in-instalments-over-6-months","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/sc-allows-spicejet-to-pay-credit-suisse-in-instalments-over-6-months\/","title":{"rendered":"SC allows SpiceJet to pay Credit Suisse in instalments over 6 months"},"content":{"rendered":"<p>The Supreme Court (SC) on Friday permitted domestic airline SpiceJet to make payments to Credit Suisse of $1 million per month for a duration of six months to clear arrears amounting to $3 million. Following the completion of the six-month period, Ajay Singh of SpiceJet is required to pay regular instalments of $500,000 to Credit Suisse. <\/p>\n<p>In a statement, the airline commented, &#8220;The Hon&#8217;ble Supreme Court has acknowledged our compliance with its previous orders and concurred with our proposal to settle the $3 million arrears over the forthcoming six months. This represents a positive outcome for the company and our stakeholders, and we extend our gratitude to the Court for its understanding.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Supreme Court (SC) on Friday permitted domestic airline SpiceJet to make payments to Credit Suisse of $1 million per month for a duration of six months to clear arrears amounting to $3 million. Following the completion of the six-month period, Ajay Singh of SpiceJet is required to pay regular instalments of $500,000 to Credit Suisse. In a statement, the airline commented, &#8220;The Hon&#8217;ble Supreme Court has acknowledged our compliance with its previous orders and concurred with our proposal to settle the $3 million arrears over the forthcoming six months. This represents a positive outcome for the company and our [&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-605809","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\/605809","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=605809"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/605809\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=605809"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=605809"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=605809"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}