New Delhi: SpiceJet has settled a dispute of about 11.2 million US dollars with the Cross Ocean Partners, the lessor behind the Special Purpose Vehicle (SPV) known as VS MSN 36118 CAY Designated Activity Company leased in 2018. Last year in June, after a judgement was obtained against SpiceJet in the U.K. High Court, the lessor moved to Delhi High Court and filed a case on November 21. “The parties made the settlement announcement before the Delhi High Court in the ongoing execution petition being pursued by Cross Ocean Partners,” said the SpiceJet spokesperson. “The settlement is expected to result in significant savings for SpiceJet and also put an end to the dispute. As part of the arran
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