Delhi HC orders SpiceJet to pay Rs 380 crore to Sun Group’s Kalanithi Maran
The Delhi High Court, on Monday, directed low-fare airline SpiceJet to pay Rs 380 crore to its former promoter Kalanithi Maran of the Sun Group.
According to a LiveMint report, SpiceJet has also been directed to submit an affidavit of assets within four weeks. The high court’s ruling comes as a setback to the airline as it comes amid a battle with aircraft lessors on payments.
SpiceJet witnessed a four-fold increase in its earnings to Rs 106.8 crore in the quarter that ended in December. The court’s ruling which came out on Monday stemmed from a long-running battle between the Maran family and the current promoter, Ajay Singh, and SpiceJet, over contractual obligations.
