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    Home > Finance > India's SpiceJet repays $24 million in dues to Credit Suisse
    Finance

    India's SpiceJet repays $24 million in dues to Credit Suisse

    Published by Global Banking & Finance Review®

    Posted on September 8, 2025

    1 min read

    Last updated: January 22, 2026

    India's SpiceJet repays $24 million in dues to Credit Suisse - Finance news and analysis from Global Banking & Finance Review
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    Tags:debt instrumentsfinancial communitycorporate bonds

    Quick Summary

    SpiceJet has repaid $24 million to Credit Suisse, resolving a legal dispute from 2015. The settlement was agreed upon in May 2022.

    India's SpiceJet repays $24 million in dues to Credit Suisse

    (Reuters) -India's low-cost carrier SpiceJet said on Monday that it has fully repaid $24 million to UBS-owned Credit Suisse, fulfilling the terms of the settlement agreement signed in May 2022.

    The companies have been engaged in a legal dispute since 2015 over the bank's claim of unpaid dues.

    (Reporting by Urvi Dugar)

    Key Takeaways

    • •SpiceJet repaid $24 million to Credit Suisse.
    • •The repayment fulfills a settlement from May 2022.
    • •The dispute with Credit Suisse began in 2015.
    • •UBS owns Credit Suisse.
    • •SpiceJet is a low-cost carrier in India.

    Frequently Asked Questions about India's SpiceJet repays $24 million in dues to Credit Suisse

    1How much did SpiceJet repay to Credit Suisse?

    SpiceJet fully repaid $24 million to Credit Suisse as part of a settlement agreement.

    2When was the settlement agreement signed?

    The settlement agreement was signed in May 2022.

    3What was the nature of the dispute between SpiceJet and Credit Suisse?

    The companies have been engaged in a legal dispute since 2015 over the bank's claim of unpaid dues.

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