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Representational image only. | Photo Credit: Reuters Shares of SpiceJet on September 15 climbed more than 4% after the company completed a payment of $1.5 million to global investment bank and financial services firm Credit Suisse. The stock gained 4.22% to ₹40 after a positive beginning on the Bombay Stock Exchange (BSE.) SpiceJet has complied…
Supreme Court threatens to throw SpiceJet CMD Ajay Singh into ‘Tihar jail’ over non-payment of dues to Swiss firm. | Representative Image | | Photo Credit: SUSHIL KUMAR VERMA The Supreme Court has come down hard on SpiceJet Chairman and Managing Director Ajay Singh, warning him he will be sent to Tihar jail for non-compliance…
Earlier, the Delhi High Court had ordered Spicejet to pay Rs 100 Crore by September 10. New Delhi: SpiceJet has completed the payment of Rs 100 crore to Kal Airways Private Limited, the airline confirmed in a statement today. While a payment of Rs 77.5 crore had been made to Kal Airways till September 11,…
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Credit Suisse and SpiceJet have been engaged in a legal dispute since 2015 (Representational) New Delhi: SpiceJet said on Monday it would pay $1.5 million to Credit Suisse as demanded by the Supreme Court. Earlier in the day, the Supreme Court ordered SpiceJet to make the payment by September 15 in a case related to…
SpiceJet stock rallied amid reports that nearly 3 per cent equity changed hands at the BSE. New Delhi: Shares of SpiceJet were in heavy demand today and jumped 20 per cent to hit the upper circuit limit. The stock rallied amid reports that nearly 3 per cent equity changed hands at the BSE. On Monday,…
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The NCLT is scheduled to hear pleas of all SpiceJet lessors on September 15. New Delhi: Crisis-hit carrier SpiceJet can settle issues with lessors that have sought initiation of insolvency proceedings against it, the National Company Law Tribunal has suggested. The tribunal’s suggestion came amid Spicejet’s move to issue shares in lieu of dues to…
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SpiceJet’s shareholders on Thursday passed a number of resolutions (Representational) Bengaluru: Low-cost carrier SpiceJet on Monday said it allotted over 4.8 crore shares to nine aircraft lessors to clear outstanding dues worth nearly Rs 231 crore, as the troubled airline looks to return to full operations. The carrier’s shareholders had on Thursday passed a number…
Read More “SpiceJet Gives Lessors 4.8 Crore Shares To Clear Over Rs 230 Crore Dues” »
File image. | Photo Credit: Reuters Spicejet and its promoter Ajay Singh on August 23 approached the Delhi High Court challenging a single-judge order upholding an arbitral award asking them to refund ₹579 crore plus interest to media baron Kalanithi Maran. The appeals came up before a division bench of Justices Yashwant Varma and Dharmesh…
SpiceJet’s counsel mentioned the matter before the bench which then listed it for hearing on Thursday. New Delhi: SpiceJet and its promoter Ajay Singh Wednesday approached the Delhi High Court challenging a single-judge order upholding an arbitral award asking them to refund Rs 579 crore plus interest to media baron Kalanithi Maran. The appeals came…
Read More “SpiceJet Goes To Court Over Rs 579 Crore Refund To Kalanithi Maran Order” »
The senior DGCA official said that in view of the observations made in the past concerning inadequate maintenance and in view of the incidents during the monsoon season last year, SpiceJet was placed under enhanced surveillance. | Photo Credit: Reuters Aviation watchdog DGCA has taken off SpiceJet from its enhanced surveillance regime, a senior official…
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