Delhi High Court grants SpiceJet chief interim protection from arrest

The Delhi High Court Thursday granted interim protection from arrest to SpiceJet Chairman and Managing Director Ajay Singh in the FIRs registered against him by the Delhi Police last year, saying the case was based on a civil and commercial dispute arising out of Share Purchase Agreements with regard to which Singh and the complainant had different interpretations.

“Since the dispute concerns the transfer of shares involving breach of agreed terms and conditions, it may be appropriate to grant interim protection to the petitioner. Accordingly, no coercive action shall be taken against the petitioner till next date of hearing and NBWs, if any, issued in this regard by the competent authority are stayed,” said Justice Anoop Kumar Mendiratta in the order.