INSUBCONTINENT EXCLUSIVE:
Spicejet(Photo: Shutterstock)2 min read Last Updated : Oct 05 2024 | 2:22 PM IST
Delhi Police have registered a case against SpiceJet
Organisation (EPFO), which claimed that the firm failed to deposit over Rs 65.7 crore in PF contributions, according to a report by The
PF between June 2022 and July 2024 but did not transfer the amount to employees' PF accounts within the required 15-day timeframe.Click here
individuals, including Ajay Singh, Shiwani Singh (Director), Anurag Bhargava (Independent Director), Ajay Chhotelal Aggarwal, and Manoj
Kumar.
The FIR emphasised that employers act as trustees for their employees' PF contributions and are obligated to submit these funds to
the EPFO on time.
On October 4, SpiceJet announced that it had deposited 10 months' worth of PF dues
The airline also stated that it had settled all pending Goods and Services Tax (GST) obligations and salary arrears after raising Rs 3,000
funds through the QIP, SpiceJet has cleared all outstanding salary and GST dues and has made substantial progress by depositing ten months'
airline has reached settlements with various aircraft lessors as part of its ongoing efforts to manage its financial
difficulties.
SpiceJet has been grappling with numerous challenges, including financial strains and legal issues, and is currently
