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SpiceJet settles $1.5 million debt with Credit Suisse

Shortpedia

Content Team
Image Credit: legal.economictimes

SpiceJet has paid $1.5 million to Credit Suisse, adhering to the Supreme Court of India's order, the company said in a regulatory filing. The payment was made on September 14, just a day before the deadline set by the apex court. The Supreme Court earlier had made it clear that failure to meet this deadline would result in "drastic action."