The Supreme Court on Friday granted a three-week stay on Madras High Court's order to wind up private airline SpiceJet in relation to payment default case, Bar and Bench reported. However, the three-judge bench headed by Chief Justice of India NV Ramana warned the airline of stern action. "If you don't want to run the airline, we will declare you insolvent," Ramana said. "This is not the way to run an airline." On December 7, the Madras High Court had ordered SpiceJet to pay $5 million (nearly Rs 37.71 crore) within two weeks to Switzerland-based financial services firm Credit Suisse. The court had said that SpiceJet's assets would be liquidated if it fails to pay the amount. In its petition, Credit Suisse had said that in 2011, SpiceJet had signed a 10-year agreement with Swiss company SR Technics for the repair and maintenance of engines and other parts of the airline's planes.