Pay Rs 380 crore to Kalanithi Maran: Delhi High Court directs SpiceJet
Delhi High Court on May 29 ordered SpiceJet to pay Rs 380 crore to its former promoter, Kalanithi Maran of the Sun Group, and asked the airline to submit an affidavit of assets within four weeks.
Justice Yogesh Khanna of Delhi High Court recently issued the order on the execution petition filed by Maran’s firm Kal Airways Pvt Ltd. The order rejected the claims of Spicejet and directed them to pay the entire arbitral award to Kal. The court also instructed Spicejet to file an Affidavit of Assets within a specified time frame.
Kal Airways had argued that Spicejet had failed to comply with the Delhi High Court order of November 4, 2020 by not filing the affidavit of assets.
