November 23, 2024 08:21 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
'Third World War has begun:' Ex-Ukraine military commander-in-chief Valery Zaluzhny | UK-India Free Trade Agreement negotiations to resume in early 2024 | UK can arrest Benjamin Netanyahu if he visits country based on ICC warrant | Centre to send over 10,000 additional soldiers to violence-hit Manipur amid fresh violence | Chhattisgarh: 10 Maoists killed during encounter with security forces in Sukma
Supreme Court gives three-week reprieve to SpiceJet facing winding-up
SpiceJet

Supreme Court gives three-week reprieve to SpiceJet facing winding-up

| @indiablooms | 28 Jan 2022, 01:15 pm

New Delhi/IBNS: The Supreme Court on Friday gave a three-week reprieve to private airline SpiceJet which is facing a winding-up order, media reports said.

The airline told the top court that they are trying to resolve issues with Credit Suisse AG.

"We are asking for three weeks. We are trying to work out something," senior advocate Mukul Rohatgi, who appeared for SpiceJet, said as quoted by NDTV.

"Senior counsel Harish Salve sought three weeks for trying to resolve the matter and Mr K V Vishwanathan (appearing for the Swiss firm) also agreed to the adjournment. Meanwhile, the high court order stays for three weeks," the top court said in its order.

SpiceJet had moved the top court challenging the Madras High Court's order of winding up and the liquidation process for default in paying dues of Credit Suisse.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.