The Delhi High Court on Monday directed SpiceJet Ltd to pay Rs 50 crore to former promoter Kalanithi Maran and KAL Airways in six weeks in an arbitral award that the airline lost in 2018.
However, the payment shall be made subject to the outcome of the Spicejet’s appeal challenging the interest amount awarded by the arbitral tribunal, a bench led by Justice Jasmeet Singh said, while posting the matter for further hearing on May 14.
