SpiceJet on Friday said that it has complied with the Supreme Court's directive by transferring $1.5 million to Credit Suisse.
"SpiceJet Ltd. has complied with the directive of the Supreme Court by remitting $1.5 million to Credit Suisse. The payment was executed on Thursday," said an airline spokesperson.
Earlier, Supreme Court had issued a stern warning to SpiceJet Chairman and Managing Director (CMD), Ajay Singh, for default in making the due payments to the global investment bank and financial services firm.
A bench comprising Justices Vikram Nath and Ahsanuddin Amanullah had ordered the budget airline to deposit the monthly installment of $500,000 by September 15 along with an additional $1 million out of the defaulted amount.
17/09/2023 IANS/SME Times
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