The Madras High Court on December 6th, 2021 directed the airline to wind up for non-payment of over $24 million to SR Technics, a Swiss company that maintains, repairs, overhauls aircraft engines and components. However, the judge then stayed the order for a period of three weeks to enable SpiceJet to go for appeal. The … Read more
The Supreme Court has again ruled in favor of Delhi Airport Metro Express Pvt Ltd (DAMEPL) whereby it has upheld the 2017 arbitral award of Rs 4,600 crore payable by Delhi Metro Rail Corporation (DMRC) to DAMEPL. Key points to note – DAMEPL is a consortium between Reliance Infrastructure Limited and Construcciones y Auxillar de … Read more
The move is reasoned as due to the failure by Zee to call for EGM as requested by Invesco – to remove Puneet Goenka and appoint 6 new independent directors proposed by Invesco. It’s difficult to defend the decision because – As per regulations, Zee still has time till October 3, 2021 to call for … Read more