India's SpiceJet to pay $1.5m to Credit Suisse after court order

India's SpiceJet said on Monday it would pay $1.5m to Credit Suisse as demanded by the country's top court. Earlier in the day, India's Supreme Court ordered SpiceJet to make the payment by Sept. 15 in a case related to unpaid dues, and warned the budget airline of unspecified "drastic action" at the next hearing if it failed to do so. A third of the amount is part of a monthly settlement plan SpiceJet had previously agreed with Credit Suisse, and the rest are unpaid dues to the bank that have accrued since last year after the airline failed to keep up with the payment schedule. If SpiceJet fails to pay, the Supreme Court will take "drastic action" at the next hearing on Sept. 22, it said. "Enough of this dilly-dally business ... We are not bothered even if you die," one of the two judges said during the hearing, which was attended by SpiceJet chief Ajay Singh. The airline had previously said the Credit Suisse debt was an old one that predated the tenure of its current management.<br/>