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SpiceJet is navigating a high-stakes legal and financial crossroads. As of April , , the airlin...
SpiceJet, Indias low-cost carrier, has successfully cleared all pending employee provident fu...
SpiceJet, one of Indias leading low-cost carriers, has reduced its workforce significantly in...
In a significant development, crisis-hit SpiceJet, which has been grappling with financial challenges, recently made significant strides in addressing its outstanding obligations. The airline, having raised Rs 3,000 crore through a Qualified Institutional Placement (QIP) of shares, announced that it has successfully cleared several key dues. SpiceJet Financial Woes: Salary, GST Dues Cleared and Provident Fund […]
SpiceJet, the Indian low-cost carrier, has emerged from the brink of collapse with a much-needed financial lifeline. The airline successfully raised Rs 3,000 crore through a Qualified Institutional Placement (QIP), drawing interest from global investors, including marquee names like Goldman Sachs and Morgan Stanley. This fresh infusion of capital is a critical step in SpiceJet’s […]
The Employees’ Provident Fund Organisation (EPFO) has recently made headlines by recovering ₹61 crore in provident fund dues from SpiceJet, a prominent player in India’s aviation industry. This development sheds light on the financial health of the airline and its commitment to meeting its obligations toward employees. EPFO vs. SpiceJet: Background SpiceJet, like many other […]
According to CNBC Report, The second largest airline in India, SpiceJet has not deposited Employees’ Provident Fund (EPF) for 18 months in a major default and non-compliance with norms. The company has also not deposited Tax Deducted at Source (TDS) for employees since FY23. SpiceJet hasn’t cleared payments to various vendors and has been delaying salaries […]
As relief, the Bombay high court has directed SpiceJet to first let 60 employees join work from 1st April in an interim order. The compliance report has to be submitted on 12th April. According to TOI report, the employees cited a January order of the Industrial tribunal to reinstate services of almost 400 employees whose […]
