Credit Suisse on Friday informed the Supreme Court that SpiceJet had cleared its outstanding dues worth $24 million, putting at rest its prolonged dispute with the low-cost airline.

A bench of Justice Hima Kohli and Justice Ahsanuddin Amanullah posted the matter for further hearing after three months.

“This matter should be taken up after three months, to ensure that they don’t default,” the bench said. The bench will monitor whether SpiceJet is paying its monthly instalments on time.

At the last hearing, the court had directed SpiceJet to pay $1.25 million by March 15. The airline has complied with the order.

Earlier on September 22, SpiceJet had given an undertaking to the Supreme Court it would pay a monthly instalment of $1 million for the next six months and thereafter, $500,000 every month towards the clearance of its outstanding dues to Credit Suisse.

The court was dealing with a contempt petition filed by Credit Suisse, accusing the airline of failing to abide by its earlier commitment to pay all outstanding dues.

In August 2022, the two companies informed the Supreme Court they had amicably settled the dispute relating to the $24 million dues owed by the airline.

However, Credit Suisse later accused Spicejet of reneging on its commitments.