Court directs SpiceJet to pay Rs 380 crore to former promoter Kalanithi Maran
The Delhi High Court has asked budget carrier SpiceJet to pay ₹380 crore to its former promoter, Kalanithi Maran, in a seven-year-old share transfer dispute. The court also directed the airline to furnish details of its assets within four weeks.
Justice Yogesh Khanna noted Maran’s claim that the airline was violating its previous orders. “The arguments of the decree holder appear plausible, as admittedly there is no modification of order dated February 13 passed by the Supreme Court, hence it needs to be followed,” the court said in its order.
On February 13, the Supreme Court had directed Spicejet to pay ₹75 crore against Maran’s claim of ₹362.49 crore in interest dues within three months under the 2018 arbitration award.
