Moneycontrol

Budget 2023Budget 2023

PARTNERS

  • Tata AIA Life Insurance
  • Hafele
  • Motilal Oswal
  • SMC Global Securities Limited
  • SBI Life
  • DSP Mutual Fund
Upcoming Event : LeapToUnicorn - mentoring, networking and fundraising for startups. Register now
you are here: HomeNewsTrendsLegal

Supreme Court stays SpiceJet winding up order for three weeks, but pulls up the airline

SpiceJet which is embroiled in a tussle with Credit Suisse had approached the Supreme Court seeking relief against the winding up order against it passed by the Madras High Court.

January 28, 2022 / 12:08 PM IST
Representational image.

Representational image.

 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

The Supreme Court (SC), on January 28, stayed the publication of the winding-up order for SpiceJet for a period of three weeks on the request made by litigating parties.

SpiceJet, which is embroiled in a tussle with Credit Suisse, had approached the Supreme Court, seeking relief against the winding up order of the Madras High Court. The high court had stayed the operation of the order for a brief period allowing the airline to exercise its legal remedy of an appeal.

Today, the counsel for SpiceJet informed an apex court bench headed by Chief Justice of India, and comprising NV Ramana, that the airline is trying to “work something out” and as such urged the court to adjourn the hearing for a period of three weeks.

Akasa, Jet Airways 2.0 may add to the woes of Indian aviation industry