You can bid for Go First but not repay Credit Suisse? Supreme Court pulls up SpiceJet CMD Ajay Singh

The counsel for the global investment bank (Credit Suisse) informed the Court yesterday that the cash-trapped airline was yet to clear $1.25 million dues that had to be paid by February 15.
Spicejet, Supreme Court
Spicejet, Supreme Court

The Supreme Court on Monday questioned how SpiceJet could bid to take over operations of another cash-strapped low-cost airline (Go First) when it could not clear its dues to a global investment bank even after initiation of contempt of court proceedings [Credit Suisse AG and anr vs Ajay Singh and anr].

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