Home no-frills provider SpiceJet mentioned on Wednesday mentioned it has signed and concluded the settlement and consent phrases with Credit score Suisse in a pending dispute with the latter.The settlement and consent phrases, executed on Might 23, have additionally been filed earlier than the Supreme Court docket for ultimate orders, the airline mentioned in a press release.
The settlement includes fee of a certain quantity upfront and the stability quantity over a mutually agreed timeline, SpiceJet mentioned with out giving particular particulars.
The airline mentioned it had already offered a financial institution assure of USD 5 million underneath the route of the Madras Excessive Court docket within the matter and there’s no opposed monetary legal responsibility on the corporate.
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