Tag: SC

The Supreme Court (SC) has allowed SpiceJet to pay Credit Suisse $1 million per month for a six-month period to settle arrears amounting to $3 million. After the six months, Ajay Singh, the Chairman of SpiceJet, will be required to make regular payments of $500,000 to Credit Suisse.SpiceJet issued a statement expressing their gratitude to the Supreme Court for acknowledging their compliance with previous orders and approving their proposal to clear the arrears over the next six months. The airline affirmed its commitment to settling its dues promptly...