Tuesday, 12 September 2023

"Not Bothered Even If You Die": Supreme Court To SpiceJet Chief Over Dues

The Supreme Court has come down hard on SpiceJet Chairman and Managing Director Ajay Singh, warning him he will be sent to Tihar jail for non-compliance with its order on making payment to global investment bank and financial services firm Credit Suisse AG.

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

"We have to move to the next drastic step. We are not worried even if you shut down," a bench of Justices Vikram Nath and Ahsanuddin Amanullah observed.

Irked over the "dilly-dally business", the bench told Mr Singh he will have to abide by the consent terms and warned, "We are not bothered even if you die. It is too much. We will send you to Tihar jail, if you do not pay." The court's fulmination came on Monday when it asked Mr Singh and the company secretary of SpecieJet to be present during the hearings and make the payment. It posted the matter for further hearing on September 22.

According to the Swiss firm, SpiceJet had availed the services of SR Technics, Switzerland, for maintenance, repair, and overhaul of aircraft engines, modules, components, assemblies, and parts, which were mandatory for its operations. An agreement for such services was entered into between SpiceJet and SR Technics on November 24, 2011 for 10 years. The terms of payments were also agreed upon.

SR Technics had given Credit Suisse the right to receive payments from SpiceJet for the services.

The Supreme Court had on July 25 given additional time to SpiceJet to make the payment to Credit Suisse as per the consent terms agreed upon by the two parties.

The top court was hearing a plea by the Swiss firm seeking initiation of contempt proceedings against Singh and SpiceJet over "a wilful and intentional disobedience" of court orders and failure to pay dues as per a settlement between the two sides.

On August 14, the bench while issuing contempt notices to Singh and SpiceJet had noted the submission of the Swiss firm that the court had granted indulgence and withdrawn the airline from liquidation only in view of the consent terms dated May 23, 2022 by which USD 500,000 was to be paid every month by the low cost carrier to the company from July 15, 2020.

"It was submitted that, though as of now more than 6.5 million US dollars has to be deposited, but only a little over 2 million US dollars has been deposited," the bench had noted the submission of counsel appearing for Credit Suisse in its August 14 order.

SpiceJet and Credit Suisse had told the Supreme Court on August 18, 2022 about the resolution of their financial dispute which led to the withdrawal of an appeal by the low-cost airline against a Madras High Court order for its winding up due to alleged non-payment of dues to the Swiss firm.

"There is a settlement which has taken place on May 23, 2022, as per the consent terms. In view of it, both the parties are satisfied with the settlement and want to withdraw the SLP (special leave petition) filed by the petitioner.

"Accordingly, the application is allowed," the top court had said in its order.

The court had directed the parties to abide by the consent terms.

On the appeal of SpiceJet, the top court had on January 28, 2022 stayed the publication of the winding up notice and the order directing the official liquidator attached to the Madras High Court to take over the assets of the low-cost airline.

It had also asked SpiceJet to resolve the financial dispute with the Swiss firm.



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"Life Won't Be Same...": Morocco Earthquake Survivors Recall Unbearable Pain, Loss

After cheating death himself and escaping the rubble, Abdellah Aeet Bihi found his youngest son, aged four, alive but trapped after Morocco's earthquake.

The boy was still able to talk from under the rubble of their collapsed house.

"But I couldn't get to him," Bihi, 39, recalled in their village of Talat Nyacoub, destroyed by the Friday night quake.

On Monday the body of his son was finally freed, Bihi said, breaking into sobs.

The little one had died near his elder brother, aged 12.

"I saw the elder one, lifeless. I quickly realised that stones had landed on the top of his body."

Bihi, 39, said he had been hoping for a peaceful sleep "when the roof fell on top of us".

An amputee, Bihi uses a prosthesis on his left arm but lost it during the chaos.

Somehow, with help from neighbours, "I was able to extract my 10-year-old daughter and my wife" from the debris.

His eldest child, 14, also got out. "I don't know how," he recalled.

Along with his two boys, Bihi's parents also died in the quake which killed around 2,900 people.

"My tears don't dry. I want them to stop but the pain is stronger than anything," he said. His wife looked at him with silent sadness and wept.

What remains of the family has taken refuge at the entrance to their remote village in the Atlas mountains near the quake epicentre, south of Marrakesh.

Forever changed

Under olive trees, they share a rug with the family of Latifa Aeet Bizli.

The roof of her house also collapsed in the earthquake, but Bizli was able to save her youngsters, aged three, seven and 10, as well as her parents-in-law.

"Luckily we were upstairs. I got hold of my children and was able to get them out through a hole," recalled Bizli, whose husband was in another village at the time, and also survived.

"I went back while the earth was still shaking to get my parents-in-law out."

With the family safely outside, she took in the extent of the shocking devastation around her. All the homes were destroyed, including her sister's.

"She died with her husband and her two children. I couldn't do anything for her and am eaten up by remorse because of it. I still can't accept that they are no longer here," said Bizli, 30.

"Life will never be the same for us," she said, grateful that aid had arrived to help them survive in what was already a deprived village.

In a spirit of solidarity after the quake, many ordinary Moroccans have stepped in to deliver medicine, food, quilts and mattresses to stricken villages, as some people complained authorities were slow to act.

Another resident of Talat Nyacoub, Rachida Aeet Malek, feels lucky to be alive after spending six hours in the rubble of her home.

When the quake struck she was upstairs along with her two children, mother and two sisters -- one of them pregnant.

Only her nephew was downstairs, said Malek, who is in her 20s.

"Three of our neighbours got us out from under the debris," she said.

Malek was the last to be freed, she said, lying under a tree with her children.

Her sisters were hospitalised but she is unhurt, physically.

"I am still in shock. I can't describe the pain inside me since this drama. We came back from the edge of death."

Her nephew didn't.

Despite efforts to free his body, it remains trapped under the debris.



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भूल जाइए अफरीदी को, एशिया कप के नए बादशाह बने 'हिटमैन'

भारतीय कप्तान रोहित शर्मा एशिया कप में सर्वाधिक छक्के लगाने वाले पहले बल्लेबाज बन गए हैं. उनसे पहले यह खास रिकॉर्ड पूर्व पाकिस्तानी कप्तान शाहिद अफरीदी के नाम दर्ज था.

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