{"id":605810,"date":"2023-09-23T09:18:23","date_gmt":"2023-09-23T03:48:23","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=605810"},"modified":"2023-09-23T09:52:24","modified_gmt":"2023-09-23T04:22:24","slug":"sc-tells-spicejet-to-pay-credit-suisse-1-mn-per-month-for-six-months","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/sc-tells-spicejet-to-pay-credit-suisse-1-mn-per-month-for-six-months\/","title":{"rendered":"SC tells Spicejet to pay Credit Suisse $1 mn per month for six months"},"content":{"rendered":"<p>The Supreme Court on Friday allowed SpiceJet to pay Swiss firm Credit Suisse $1 million per month for six months towards its $3-million arrears. <\/p>\n<p>SpiceJet said the apex court can send the airline\u2019s Chairman and Managing Director (CMD) Ajay Singh to exile if the undertaking is not honoured. <\/p>\n<p>The low-cost carrier told the court that it was already paying the Swiss firm $500,000 every month and now it wanted to increase the monthly instalment by another $500,000 for six months. <\/p>\n<p>\u201cThe Supreme Court has noted our compliance with its previous orders and agreed with our proposal to pay the $3 million arrears over the next six months.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Supreme Court on Friday allowed SpiceJet to pay Swiss firm Credit Suisse $1 million per month for six months towards its $3-million arrears. SpiceJet said the apex court can send the airline\u2019s Chairman and Managing Director (CMD) Ajay Singh to exile if the undertaking is not honoured. The low-cost carrier told the court that it was already paying the Swiss firm $500,000 every month and now it wanted to increase the monthly instalment by another $500,000 for six months. \u201cThe Supreme Court has noted our compliance with its previous orders and agreed with our proposal to pay the $3 [&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-605810","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\/605810","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=605810"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/605810\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=605810"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=605810"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=605810"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}