Deposit ₹243 cr in Maran case: HC to SpiceJet
NEW DELHI : The Delhi high court on Monday directed SpiceJet Ltd to deposit ₹243 crore with the court registry in the ongoing arbitration case with its former owner Kalanithi Maran and his company, KAL Airways.
The court directed the Ajay Singh-led low-fare airline to make the payment within six weeks, adding that if it fails to do so, Maran can approach the court to seek status quo on SpiceJet’s shareholding.
This amount is over and above the ₹579 crore that SpiceJet has already deposited with court.
The airline is reviewing the Delhi high court order, a spokesperson said.
