11
Jan
On Tuesday, the Madras High Court has demobilized a petition by SpiceJet Limited, challenging an order upon directing winding up of the company and takeover of its assets by the official liquidator. A single judge of the court passed the order as the airline failed to pay its debt to a Switzerland-based company.After rejecting the appeal, a division bench of Justice Paresh Upadhyay and Justice Sathi Kumar Sukumara Kurup suspended the order till January 28 to enable the airline to move a further appeal before the Supreme Court.The issue pertains to a plea moved by a stock corporation registered under the…