NEW DELHI: The Delhi High Court has ordered SpiceJet to deposit Rs 242.93 crore within six weeks to former promoter Kalanithi Maran of Sun Group, and his KAL Airways.
The case relates to the dispute arising out of non-issuance of warrants and preference shares in favour of
Maran, who had transferred the ownership of SpiceJet in 2015 to Ajay Singh, the current promoter and co-founder of the Delhi-based low-cost airline.
