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

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

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

How much did SpiceJet repay to Credit Suisse?
SpiceJet fully repaid $24 million to Credit Suisse as part of a settlement agreement.
When was the settlement agreement signed?
The settlement agreement was signed in May 2022.
What 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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