Low cost airline, SpiceJet has approached the Supreme Court against a Madras High Court judgment which had refused to interfere with an order of company court admitting a winding up petition against the airline..Senior Counsel Mukul Rohatgi appearing for SpiceJet, mentioned the matter before Chief Justice of India (CJI), NV Ramana.He sought urgent listing of the matter stating that the company will go into liquidation if the matter is not heard on priority. "Please list it on Thursday. Else, the company will fold up," he said."Yes, we will look into this," the CJI said..The winding up petition before company court was moved by Credit Suisse, which claimed that SpiceJet was indebted to it for more than $24 million. On receiving no response on sending a notice regarding the same, the creditor had moved the company court.The issue arose when the airlines availed an engine maintenance facility from SR Technics, whose payment it wished to defer. For this purpose, it sought the services of Credit Suisse.Credit Suisee made payments to SR Technics on behalf of SpiceJet. Non-payment of this amount to Credit Suisse led to the winding up petition.After the company court admitted the petition, SpiceJet approached the Madras High Court in appeal. However, a Bench of Justices Paresh Upadhyay and Sathi Kumar Sukumara Kurup dismissed the appeal.Read more on Madras High Court judgment here.
