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SC issues contempt notice to SpiceJet CMD in Credit Suisse case
short by Mansi Agarwal / on Monday, 14 August, 2023
Supreme Court has issued a contempt notice to SpiceJet Chairman and MD Ajay Singh after a plea was filed by Credit Suisse. The bank has accused SpiceJet of failing to comply with a court-approved $24-million settlement plan for payment of dues. SpiceJet said it has paid $7.1 million to Credit Suisse and the remainder will be paid as per schedule.
read more at Moneycontrol