{"id":109706,"date":"2023-09-12T13:08:26","date_gmt":"2023-09-12T07:38:26","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=109706"},"modified":"2023-09-12T13:11:17","modified_gmt":"2023-09-12T07:41:17","slug":"stock-falls-5-after-delhi-high-court-orders-the-company-to-repay-1-5-million-to-credit-suisse","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-falls-5-after-delhi-high-court-orders-the-company-to-repay-1-5-million-to-credit-suisse\/","title":{"rendered":"Stock falls 5% after Delhi High Court orders the company to repay $1.5 Million to Credit Suisse"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3313137009\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>This airline stock lost over 5% in the market today as the company has to complete the payment of Rs. 100 crore to Kal Airways Private Limited and $1.5 million to Credit Suisse as per the supreme court order by the end of the day.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3711155196\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Share price of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/SPICEJET\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Spicejet<\/a><\/strong> opened at Rs. 41.50 per share and plunged 5%to reach its intra- day low of Rs. 36.38 per piece. The stock is trading at a discount of 29.63%.<\/p><p>As per the order of the Hon\u2019ble Delhi High Court, SpiceJet, on 12 September 2023, has been ordered to make certain payments which included Rs. 100 crore to Kal Airways and $1.5 million to Credit Suisse, in addition to earlier payments of Rs. 77.5 crore and $8 million to Kal and Credit Suisse made by the company respectively.<\/p><p>Comparing its financials on a QoQ basis, it has made a revenue of Rs. 2003.59 crore in Q1FY24, a fall of 6.5% from Rs. 2145.07 crore in Q4FY23. Its net loss of Rs. 6.2 crore in Q4FY23 turned out to be a net profit of Rs. 197.65 crore in Q1FY24. Its net profit margin was 0.29% in Q4FY23 which increased to 9.86% in Q1FY24. The company has maintained a low debt to equity ratio of -0.25.<\/p><div class=\"trade-content_5\" id=\"trade-2297133153\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Spicejet is a low cost Indian airline is situated in Gurgaon, Haryana. It is renowned for being an affordable airline that serves faraway parts of the nation. The company was formerly called as Royal Airways, and it was later budgeted low in an effort to attract a new clientele and alter the company&#8217;s perception.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Bhumika Khandelwal<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1283635586\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>This airline stock lost over 5% in the market today as the company has to complete the payment of Rs. 100 crore to Kal Airways Private Limited and $1.5 million to Credit Suisse as per the supreme court order by the end of the day. Share price of Spicejet opened at Rs. 41.50 per share [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":95839,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[9447,4306,948,936,12005],"class_list":["post-109706","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-spicejet-latest-news","tag-spicejet-share-price","tag-stock-market","tag-stock-market-news","tag-why-is-spicejet-share-falling"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stock falls 5% after Delhi High Court orders the company to repay $1.5 Million to Credit Suisse - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"This airline stock lost over 5% in the market today as the company has to complete the payment of Rs. 100 crore to Kal Airways Private Limited and $1.5 million to Credit Suisse as per the supreme court order by the end of the day.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/stock-falls-5-after-delhi-high-court-orders-the-company-to-repay-1-5-million-to-credit-suisse\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stock falls 5% after Delhi High Court orders the company to repay $1.5 Million to Credit Suisse\" \/>\n<meta property=\"og:description\" content=\"This airline stock lost over 5% in the market today as the company has to complete the payment of Rs. 100 crore to Kal Airways Private Limited and $1.5 million to Credit Suisse as per the supreme court order by the end of the day.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/stock-falls-5-after-delhi-high-court-orders-the-company-to-repay-1-5-million-to-credit-suisse\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-12T07:38:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-12T07:41:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/03\/credit-suisse-cover-image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/stock-falls-5-after-delhi-high-court-orders-the-company-to-repay-1-5-million-to-credit-suisse\/\",\"url\":\"https:\/\/tradebrains.in\/features\/stock-falls-5-after-delhi-high-court-orders-the-company-to-repay-1-5-million-to-credit-suisse\/\",\"name\":\"Stock falls 5% after Delhi High Court orders the company to repay $1.5 Million to Credit Suisse - 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