In the share dispute case between SpiceJet CMD Ajay Singh and ex-promoter Kalanithi Maran, the Supreme Court on Monday directed the low-cost airline to invoke a bank guarantee of Rs 270 crore to pay Maran towards the dues from the arbitral award of Rs 572 crore.
The apex court also directed SpiceJet to pay Rs 75 crore towards Maran’s claim of Rs 362 crore in interest dues.
