SpiceJet clears Rs 160.07 cr employee provident fund dues

SpiceJet has cleared Rs 160.07 Crore in pending employee provident fund (PF) dues accumulated over two years, along with other statutory liabilities like Tax Deducted at Source (TDS), Goods and Services Tax (GST), and employee salaries. The airline raised Rs 3,000 Crore through a Qualified Institutional Placement (QIP) in September, using internal cash flows to settle dues and demonstrate improved financial health.