Auditors has reportedly raised concern over the SpiceJet's financial health, according to reports.
Reports stated that the accumulated loss of the airline to the tune of Rs.10.78bn as on December 31, 2011, has eroded the company's net worth and doubts had been raised on the carrier's ability to continue as a going concern.
Spicejet promoters said they had infused additional equity of Rs.1.31bn and they also rubbished all concerns.