Madras HC was hearing an appeal by SpiceJet to set aside a single-judge order to wind up the company and on the appointment of a provisional liquidator.
Alleging corruption and a threat to ‘national security’, the BJP MP had filed a petition against sale of Air India to the winning bidder, a wholly owned subsidiary of Tata Sons.
The plane turned back after about 15 mins in the air. No one was injured. DGCA said the crew shut down the second engine after an 'oil filter bypass light got illuminated in cruise'.
Madras HC has ordered winding up of SpiceJet Ltd over non-payment of $24 million in dues to Credit Suisse AG. But order kept in abeyance to allow SpiceJet time to deposit $5 million.
The airline said the high court has stayed the order for a period of three weeks, subject to the condition that it deposits $5 million within two weeks.
Singh said he’d like to add another 30-40 passenger planes to SpiceJet’s fleet over the next 2 years, on top of an existing order book that includes 155 Boeing 737 Max aircraft.
The accused were arrested by customs officials at Indira Gandhi International airport for allegedly smuggling into the country gold worth Rs 72.46 lakh, an official statement said.
SpiceJet booked other income of Rs 10.9 bn, the amount it expected to get in compensation from Boeing for not being able to fly its 13 Max aircraft, helping the company to trim its losses.
It’s hard to build a house, run a business, or do anything without paying bribes. And yet, citizens’ anger about this open, unchecked corruption won’t erupt into Anna Hazare-type rallies.
As many as 21 policy reforms are under implementation following Invest Kerala Global Summit, as LDF govt works to change perception that the state is not conducive to businesses.
Amid continued concerns over cross-border terrorism, General Upendra Dwivedi further warned the neighbour that India will not show restraint if there is an Op Sindoor 2.0.
Pakistan’s army has been a rentier force available to a reasonable bidder. It has never come to the aid of any Muslims including Palestinians or the Gazans, except making noises here and there.
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