SC Directs SpiceJet to Clear Dues

21 Feb 2024 CW Team

The Supreme Court has issued a directive to SpiceJet, instructing the airline to clear its outstanding dues with Credit Suisse by March 15. The legal move comes in response to a case involving the financial dispute between SpiceJet and Credit Suisse, highlighting the urgency for the carrier to address its financial obligations within the specified timeframe.

The court's decision emphasises the importance of timely resolution in financial matters, urging SpiceJet to fulfil its payment obligations towards Credit Suisse by the stipulated date. The case underscores the significance of adherence to financial agreements and obligations within the aviation industry, ensuring the stability and credibility of financial transactions.

As SpiceJet navigates the legal proceedings, the directive from the Supreme Court places a clear timeline for the airline to settle its dues, contributing to the resolution of the financial dispute. The outcome of this case will have implications for SpiceJet's financial standing and underscores the need for airlines to maintain financial transparency and fulfill contractual obligations within the aviation sector.

The directive serves as a legal imperative for SpiceJet to address its financial responsibilities promptly, contributing to the broader framework of financial accountability within the aviation industry. The resolution of this case will likely have implications for how financial matters are handled and adjudicated within the context of airline operations and financial transactions.

Infrastructure Transport

15 Sep 2025

Cabinet Approves Key Highway and Rail Projects in Bihar Region

The Union Cabinet on Wednesday approved the four-laning of the 84.2-km Mokama-Munger section of the Buxar-Bhagalpur high-speed corridor, a key industrial region in poll-bound Bihar. The Cabinet also sanctioned the doubling of the 177-km Bhagalpur-Dumka-Rampurhat railway line, which passes through Bihar, Jharkhand, and West Bengal, at a cost of Rs 31.7 billion.The Rs 44.5 billion highway project will be constructed under the hybrid annuity model, a variant of public-private partnership. The Mokama-Munger stretch was the only remaining two-lane section of the 363-km Buxar-Bhagalpur corridor. Fou..

NGT Issues Notice on Bengaluru Twin Tunnel Project

The National Green Tribunal (NGT) on Wednesday issued notices in response to a petition filed by Bengaluru Praja Vedike and others, challenging the Bengaluru twin tunnel road project. Petitioners claim the project was “hastily announced” and bypassed mandatory environmental impact assessment procedures.Notices have been served to the Karnataka Government, Greater Bengaluru Authority, State Environment Impact Assessment Authority (SEIAA), Bengaluru Smart Infrastructure Ltd (B-SMILE), the Union Ministry of Environment, Forest and Climate Change, and project consultants.The 16.74-km twin-tube..

India’s Residential Sales to Dip Slightly in FY26

Residential sales in India’s seven major cities are projected to decline by up to 3 per cent year-on-year in FY26 to 620–640 million square feet (msf), amid a moderation in sales velocity, according to ratings agency Icra.In FY25, sales stood at 643 msf, down 8 per cent YoY, following a sharp contraction in new launches and moderated demand in the affordable and mid-income segments. This slowdown came after the sector posted a robust compound annual growth rate of 26 per cent in area sales between FY22 and FY24.Icra noted: “Having seen a strong upcycle, the sector entered an equilibrium ..