Shivani Thakur
Published on: May 27, 2022 at 18:48 IST
Airline company SpiceJet Ltd told the Supreme Court that it has reached a settlement with the creditor and sought an urgent listing of its plea challenging the winding order passed by the Madras High Court.
The Madras High Court had passed the winding up order on a Petition filed by Credit Suisse AG, a Switzerland based Stock Corporation.
The Supreme Court had stayed the publication of the winding up order, after SpiceJet’s counsel Senior Advocate Harish Salve said that the company is working on a settlement with the Swiss creditor.
“This is the matter of SpiceJet where HC has permitted winding up. This court stayed the matter to settle the issue. We‘ve settled”, the Bench said.
The Counsel sought urgent listing of the Petition, saying that there are certain time-bound obligations. The matter will be further hear on Monday.