‘This is a positive outcome for the company and our stakeholders, and we are grateful to SC for its understanding,’ says SpiceJet

SC orders SpiceJet to pay $1 mn to Credit Suisse every month for next 6 months

Presently, SpiceJet has an outstanding arrears of $3 million.

SpiceJet Directed To Pay Back Credit Suisse’s Arrears

We are also covering: Putin, Kim Jong Un exchange rifles; Spicejet pays $1.5 million to credit suisse, among other stories

News18 Afternoon Digest: Mamman Khan Arrest; Govinda Questioning By EOW & Other Top Stories - News18

Shares of SpiceJet on September 15 climbed more than 4% after the company completed a payment of $1.5 million to global investment bank and financial services firm Credit Suisse.

SpiceJet shares jump more than 4%

The payment to Credit Suisse was executed on Thursday, September 14, says Spicejet

Spicejet Pays $1.5 Million To Credit Suisse To Comply With SC Order; Shares Jump - News18

The payment is made in response to the top court order, which warned of drastic measures in the event of non-compliance.

SpiceJet Completes Payment Of $1.5 Million Towards Credit Suisse

Stocks to watch: Shares of firms like Infosys, Paytm, DMart, Vedanta, Coal India, SpiceJet, and others will be in focus on Wednesday’s trade.

Stocks to Watch: Infosys, Paytm, DMart, Vedanta, Coal India, SpiceJet, and Others - News18

The top court asked Singh to pay USD 5,00,000 towards an instalment to the Swiss firm along with USD 1 million defaulted amount

SpiceJet-Credit Suisse Case: SC Threatens to Throw SpiceJet CMD into ‘Tihar Jail’ Over Non-payment of Dues to Swiss Firm - News18

Earlier, the Delhi High Court had asked Ajay Singh, the chairman and managing director (CMD) of SpiceJet, to pay Rs 100 crore to Maran by September 12.

SpiceJet says it has paid Rs 100 cr to Kal Airways after Delhi HC order

“We have to move to the next drastic step. We are not worried if you shut down. Enough of this dilly-dally business… you will have to abide by the consent terms…this is too much,” the court said.

Supreme Court warns SpiceJet of ‘drastic action’ if Credit Suisse dues are not paid

Earlier, the court had instructed SpiceJet’s Chairperson Ajay Singh to pay Rs 100 crore to Maran by Sept. 10.

SpiceJet Pays Rs 62.5 Crore To Kalanithi Maran, Court Tells Airline To Pay Rest Tomorrow

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Average profitability - not good, not bad

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Spicejet is engaged in transportation of passengers by air

Spicejet Ltd

With a market cap of ₹1,907 cr, stock is ranked 939

Spicejet Ltd

Spicejet Ltd

Scorecard

News & Opinions

SC orders SpiceJet to pay $1 mn to Credit Suisse every month for next 6 months

SpiceJet Directed To Pay Back Credit Suisse’s Arrears

News18 Afternoon Digest: Mamman Khan Arrest; Govinda Questioning By EOW & Other Top Stories - News18

SpiceJet shares jump more than 4%

Spicejet Pays $1.5 Million To Credit Suisse To Comply With SC Order; Shares Jump - News18

SpiceJet Completes Payment Of $1.5 Million Towards Credit Suisse

Stocks to Watch: Infosys, Paytm, DMart, Vedanta, Coal India, SpiceJet, and Others - News18

SpiceJet-Credit Suisse Case: SC Threatens to Throw SpiceJet CMD into ‘Tihar Jail’ Over Non-payment of Dues to Swiss Firm - News18

SpiceJet says it has paid Rs 100 cr to Kal Airways after Delhi HC order