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SpiceJet says Madras High Court docket has stayed its earlier repeat of winding up the airline

The Madras High Court has stayed its earlier order of winding up SpiceJet and the airline will soon initiate “appropriate remedial steps including preferring an appeal” against the order before a higher bench, the company said on Tuesday.In a filing to BSE, the budget carrier said the Madras High Court had on Monday issued an…

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SpiceJet says Madras High Court docket has stayed its earlier repeat of winding up the airline

The Madras High Court docket has stayed its earlier repeat of winding up SpiceJet and the airline will rapidly provoke “acceptable remedial steps including preferring an allure” towards the repeat ahead of a bigger bench, the company stated on Tuesday.In a filing to BSE, the funds provider stated the Madras High Court docket had on Monday issued an repeat of “winding up SpiceJet and appointment of official liquidator” in a case filed by Credit score Suisse claiming non-cost of USD 24.01 million dues to engine upkeep companies agency SRT Technics.”The Madras HC despite protecting that SRT didn’t hold a staunch authorization from DGCA to whole engine upkeep for the duration of the forex of the agreement rejected the company’s defence and ordered winding up of the company and directed the official liquidator to take over the property of the company,” SpiceJet illustrious.However…
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