Jan 28, 2022, Friday
NEW DELHI: The on Friday
granted three weeks' time to to resolve its financial dispute with Swiss firm ,
and stayed the operation of the verdict permitting winding-up petition and
directing the official liquidator to take over the assets of the low-cost
airline.
A bench headed by Chief
Justice took note of the submissions of senior advocate Harish Salve that SpiceJet
would try to resolve the issue with the Swiss firm.
“Senior counsel Harish Salve
sought three weeks' time for trying to resolve the matter and Mr K V
Vishwanathan (appearing for the Swiss firm) also agreed to the adjournment.
Meanwhile, the high court order is stayed for Supreme Court
SpiceJet has rushed to the
top court against the January 11 order of a division bench of the high court
upholding a recent verdict of a single judge bench ordering its winding up and
directing the official liquidator attached to the high court to take over the
assets. Credit Suisse AG had moved the single-judge bench of the high court
alleging that SpiceJet failed to honour its commitment to pay the bills for
over USD 24 million (one million is equal to Rs 10 lakhs) raised by it towards maintenance,
repairing, and overhauling of the aircraft engines and components.