SpiceJet-Credit Suisse Case: Supreme Court issues contempt notice to SpiceJet CMD Ajay Singh
The Supreme Court issued a contempt of court notice to Singh after SpiceJet failed to repay Credit Suisse a loan of $24 million. The court has given Singh four weeks to reply to the notice.
Till date, SpiceJet has paid a total of $7.1 million to Credit Suisse. The Company intends to pay this ($4.4 million) and the remaining balance amount as per the applicable schedule. Photo: File