SpiceJet told to deposit $5 mn in 2 weeks or face liquidation

December 07, 2021 17:25

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.

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