Have paid Rs 308 crore, besides submitting bank guarantee of Rs 275 crore, SpiceJet tells SC
NEW DELHI: Low cost airline SpiceJet on Thursday told the Supreme Court that in pursuance of an arbitral award in favour Kal Airways, it has paid Rs 308 crore and submitted a bank guarantee of Rs 275 crore with the Delhi High Court.
A bench comprising Chief Justice N V Ramana and justices A S Bopanna and Hima Kohli was hearing the 2020 appeal of SpiceJet against the November 2, 2020 order of the high court asking the airline to deposit around Rs 243 crore as interest in connection with a share transfer dispute with its former promoter and media baron Kalanithi Maran and his firm Kal Airways.
