SpiceJet clears pending TDS dues of Rs 310 crore for Q2FY25
So far this fiscal, it has cleared Rs 600 crore pending dues, including salaries, GST liabilities, and PF contributions, the company said.
So far this fiscal, it has cleared Rs 600 crore pending dues, including salaries, GST liabilities, and PF contributions, the company said.
The airline had been under additional scrutiny due to financial issues and flight cancellations.
Domestic airline SpiceJet said here on Friday that it has cleared all GST dues of around Rs 71 crore, days after raising Rs 3,000 crore through Qualified Institutional Placement (QIP).
The National Company Law Tribunal (NCLT) on Monday issued a notice to embattled low-cost carrier SpiceJet over a petition by Techjockey Infotech Pvt Ltd, one of its operational creditors.
Budget carrier Spicejet has been placed under "enhanced surveillance" by the Directorate General of Civil Aviation after passengers were not allowed to board the airline's flights in Dubai as it had not paid its airport dues.
The apex court on July 7 declined SpiceJet’s application to extend the deadline for making a Rs 380 crore interest payment to Kal Airways.
India's civil avaiation regulator, the Directorate General of Civil Aviation (DGCA) has put SpiceJet under "enhanced surveillance" but there is no operational impact on the airline, an official said on Tuesday
As the insolvency issue of SpiceJet heats up, prior red-flagging to the company by the Directorate General of Civil Aviation (DGCA) had pointed out long awaited trouble for the aviation giant.
SpiceJet has restructured over $100 million outstanding dues to Carlyle Aviation Partner, into equity shares and compulsorily convertible debentures (CCDs).
A senior DGCA official said that SpiceJet can operate at full capacity from October 30 onwards. During the 'Enhanced surveillance' period, SpiceJet has shown improvement in their operations, said an official. On September 21, DGCA had extended flight capacity restrictions on SpiceJet till October 29.
