The Supreme Court today agreed to hear Spice Jet Ltd’s plea against the Madras High Court order to wind up its operations after it failed to honour a payment of over $24 million to Swiss maintenance, repair and overhauling (MRO) service provider SR Technics.
Senior Advocate Mukul Rohatgi mentioned the matter before the bench led by the Chief Justice N.V. Ramana. Rohatgi said the airline will fold, if the matter is not listed, there is a protection till Friday, January 28.
Earlier this month, a division bench comprising Justices Sathi Kumar Sukumara Kurup and Paresh Upadhyay of the Madras High Court dismissed the appeal filed by the airline against the order of the single judge which in turn had dismissed the appeal as it failed to pay its debt to the Switzerland-based company. The bench however suspended the order till January 28, to enable Spice Jet to move the Supreme Court