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SpiceJet told to deposit $5 mn in 2 weeks or face liquidation
December 07, 2021
The Madras High Court has ordered winding up of private carrier SpiceJet Limited and directed the official liquidator attached to the High Court to take over its assets, in a plea filed by a Swiss company over unpaid dues.
The airline had failed to make payment of over $24 million to a Swiss company SR Technics for maintenance, repair and overhauling of aircraft engines, modules, components, assemblies and parts.
The order was passed by the high court on December 6, 2021.