Delhi HC asks SpiceJet to pay ₹100 cr to Kalanithi Maran by Sept 10
The Delhi High Court on Thursday asked SpiceJet and its CMD Ajay Singh to pay former promoter Kalanithi Maran ₹100 crore by September 10 “as bonafide subject to their rights and contention” or else the airline’s assets will be attached.
Justice Yogesh Khanna questioned Singh, who was present in the court, about his payment plans and also warned him that the company’s profits would be attached otherwise in the seven-year-old share transfer dispute. An application for Singh’s arrest could also be filed, it said, while posting the matter for further hearing on September 11.
