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.
The view that bureaucracies are bloated with far too many employees preying on taxpayers money is a widely held myth. Research shows how significantly understaffed the Indian state is.
The Centre is considering an increase in the National Company Law Tribunal's bench capacity, while the Standing Committee of Finance suggests fast-track courts.
The helicopters produced by Lockheed Martin are known as ‘submarine hunters’. India ordered 24 of these aircraft in 2020 to replace the Sea King helicopters. 15 have been delivered till date.
The India-South Africa series-defining fact is the catastrophic decline of Indian red ball cricket where a visiting team can mock us with the 'grovel' word.
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