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SpiceJet Ltd said it has paid $1.5 million to Credit Suisse in compliance with the Supreme Court of India order

After Supreme Court warning, SpiceJet pays $1.5 mn to Credit Suisse

PGurus Newsdesk - 0
SpiceJet completes payment of $1.5 million to Credit Suisse SpiceJet on Friday said that it has complied with the Supreme Court's directive by transferring $1.5...
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

Days after the mediation process with the Maran family, SpiceJet and Credit Suisse AG...

Team PGurus - 0
SpiceJet-Credit Suisse financial dispute settled, inform SC The cash-strapped airline SpiceJet and Swiss firm Credit Suisse AG Thursday told the Supreme Court about the resolution...
Imran gags the media with an ordinance & bans processions. Bajwa is jetting around various tax havens - CYA or stashing new loot from China? And whose names are in the latest Credit Suisse leaks? Watch this video to find out!

Who is winning in Pak? Imran or Bajwa? Whose accounts are in Credit Suisse?

Sahil Mishra - 0
Imran gags the media with an ordinance & bans processions. Bajwa is jetting around various tax havens - CYA or stashing new loot from...
How Credit Suisse and big fund managers got it wrong!

How Credit Suisse and big fund managers got it wrong!

Navin Upadhyay - 0
Navin Upadhyay New Delhi On July 21, Credit Suisse (Singapore) Limited bought 16,90,000 shares of Amtek Auto at ₹170.12 ($3) per share on the National...
IMF had projected India's GDP to grow at 5.9% in the current fiscal while the World Bank pegged it at 6.3%

India’s growth to hold at 5.8%; will be fastest growing major economy: UN

PGurus Newsdesk - 0
India continues to be ‘the bright spot’ in the world economy with ‘many positives’, the inflation has come down significantly On Tuesday the UN said...
The current round of monetary stimulus is going to primarily be in the form of QEs rather than rate cuts

Why 2023 has to be worse than 2008 – Part 2

Shanmuganathan Nagasundaram - 0
The previous first part of the article can be accessed here Part 1. This is Part 2 Stars aligned for a 2008-style crash When I wrote...
On Nov 7, 2020, the apex court stayed the Delhi High Court order asking SpiceJet to deposit around Rs 243 crore as interest in connection with the share transfer dispute

SC to consider plea for mediation to settle disputes between SpiceJet Ajay Singh and...

Team PGurus - 1
SC to contemplate mediation plea to settle SpiceJet & Maran dispute The Supreme Court on Tuesday said it would consider a joint request for mediation...
Top court stayed the publication of winding up notice and the order directing the official liquidator attached to the Madras HC to take over the airline's assets

SC grants 3 weeks to SpiceJet to resolve financial issues with Swiss firm. Do...

Team PGurus - 0
Madras HC's order to wind up SpiceJet stayed for 3 weeks by SC The Supreme Court on Friday granted three weeks to SpiceJet to resolve...
Interesting to note, Spice Jet bid for Air India while it had not even had money to pay dues of 20 million dollars or even to deposit 5 million dollars to avoid the liquidation process

Madras High Court orders winding up of SpiceJet over outstanding dues of 20 million...

Team PGurus - 0
Madras High Court asks liquidator to take over SpiceJet assets for unpaid dues The Madras High Court has ordered the winding up of private airline...
Apex Court allowed Swamy to make a representation before the RBI which can decide on making changes in extant guidelines

Supreme Court asks Subramanian Swamy to file his suggestions to prevent growing NPA of...

Team PGurus - 1
SC turns down Swamy's plea seeking guidelines to tackle rising NPAs in banking sector Asking to file a suggestion to the Reserve Bank of India (RBI),...
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