Kalanithi Maran rejects SpiceJet settlement offer
Kal Airways and media baron Kalanithi Maran on Monday told the Supreme Court that they were not agreeable to the two proposals to settle their dispute with SpiceJet on payment of interest in connection with a share transfer issue as the low-cost airline owed them around Rs 920 crore in pursuance of an arbitral award.
A bench comprising Chief Justice N.V. Ramana and Justices A.S. Bopanna and Hima Kohli, at the outset, inquired about the view of Kal Airways Pvt Ltd and Maran whether they were agreeable to the two proposals of SpiceJet to settle the dispute.
