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

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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...

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