Kal Airways promoter seeks attachment of 50% of Spicejet’s daily revenue

Kal Airways and its promoter Kalanithi Maran moved the Delhi High Court (HC) on Wednesday seeking 50 per cent of the daily revenue collection of low-cost carrier Spicejet to be paid on a weekly basis.

The amount to be paid by Spicejet to Maran as of August 3 stood at Rs. 393 crore.

The court also issued a notice to the airline and its chairman and managing director (CMD) Ajay Singh to file an affidavit disclosing their assets and their revenue collection within a week.