SpiceJet
Supreme Court gives three-week reprieve to SpiceJet facing winding-up
New Delhi/IBNS: The Supreme Court on Friday gave a three-week reprieve to private airline SpiceJet which is facing a winding-up order, media reports said.
The airline told the top court that they are trying to resolve issues with Credit Suisse AG.
"We are asking for three weeks. We are trying to work out something," senior advocate Mukul Rohatgi, who appeared for SpiceJet, said as quoted by NDTV.
"Senior counsel Harish Salve sought three weeks 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 stays for three weeks," the top court said in its order.
SpiceJet had moved the top court challenging the Madras High Court's order of winding up and the liquidation process for default in paying dues of Credit Suisse.
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