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.
Singh submitted that he could take the court through the calculations as per the arbitral award from the pleadings itself in support of the arguments.
In a tweet, the Airport Authority of India (AAI) said the ILS will help in precise landing of aircraft at the airport. It will also positively impact flight regularity during bad weather and low visibility conditions. The overall cost of the project is approximately Rs 15 crore.
The airline reported a net loss of Rs 998.3 crore in FY2021.
The airline will also make efforts to facilitate vaccination for the families of employees going forward, it added.
The company has identified the new planes to be ordered by the airline as a unique opportunity for investment, SpiceJet said.
