SpiceJet has made a payment of Rs. 77.5 crore to Kal Airways Pvt Ltd and will complete the fee of Rs. One hundred crores on September 12, 2023 with the aid of paying Rs. 22.5 Crore as consistent with the instructions of the Hon’ble Delhi High Court.
Reacting to thise information, Shares of Spicejet slipped by way of nine% to Rs. 36.38.
SpiceJet recognizes the felony process and is dedicated to complying with all court docket directives and duties within the Credit Suisse rely and will make the payment of $1.5 million as in line with the court directive. Till date, SpiceJet has already paid a total of $eight million to Credit Suisse as per consent phrases.
SpiceJet remains dedicated to the best requirements of transparency and prison compliance.
This liability is an vintage one and predates the current Promoter taking on the enterprise.
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