What is the latest please dismissal of Spice Jet in the Credit Suisse case?
Answer
Answer
The Madras High Court has dismissed SpiceJet's plea against the winding up order by a single-judge bench. This is the $24 million dues to MRO service provider, SR Technics of Switzerland which were hypothecated to Credit Suisse. However, SpiceJet lawyers alleged that SR Technics did not have valid authorisations from DGCA. This is not good news at a time when Indian aviation reeling under losses.