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Have settled dispute: SpiceJet, Credit Suisse tell Supreme Court

The Swiss firm had filed a plea in the high court against the airline for non-payment of over $24 million towards maintenance, repairing, and overhauling of aircraft engines and components in 2013

The Delhi-bound SpiceJet airplane following its emergency landing after it caught fire mid-air, at Jai Prakash Narayan Airport, in Patna (Photo: PTI)

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The court remarked on Thursday that both the parties had reached a settlement on May 23 this year, and as per this agreement, they want to withdraw the case from the Supreme Court.

Bhavini Mishra New Delhi

2 min read Last Updated : Aug 19 2022 | 12:38 AM IST

SpiceJet and Swiss firm Credit Suisse AG informed the Supreme Court on Thursday that they have settled their financial dispute. The court allowed the airline to withdraw its appeal against the Madras High Court’s order asking the company to wind up after it allegedly failed to pay back its dues to the Swiss firm.

The Swiss firm had filed a plea in the high court against the airline for non-payment of over $24 million towards maintenance, repairing, and overhauling of aircraft engines and components in 2013. The apex court had then stayed the high court’s order and told both the

Topics : Supreme Court SpiceJet Credit Suisse

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