HC asks liquidator to take over SpiceJet assets for unpaid dues
The Hindu
Airline owes $24 mn to Swiss aircraft maintenance firm; order stayed to allow appeal
The Madras High Court on Monday directed air carrier SpiceJet Limited to wind up the company for non-payment of over $24 million to a Swiss company which maintains, repairs and overhauls aircraft engines, and components.
Justice R. Subramanian passed the order while allowing a company petition filed by Credit Suisse AG, a Zurich based stock corporation, which had been assigned the right to receive the payments due to SR Technics. He directed an Official Liquidator to take over the assets of SpiceJet.
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