SC refuses to stay ₹144.5 crore deposit order against SpiceJet, imposes ₹1 lakh in costs for prolonging litigation
New Delhi: In a blow to budget carrier SpiceJet, the Supreme Court on Friday refused to stay a Delhi high court order directing the airline and its promoter Ajay Singh to deposit ₹144.51 crore in its long-running arbitration dispute with KAL Airways Pvt. Ltd and Kalanithi Maran. The court also imposed a cost of ₹1 lakh for prolonging the litigation.
A bench of Justices P.S. Narasimha and Alok Aradhe declined to interfere with the high court’s 19 January order and rebuked the company over repeated rounds of litigation in the matter.
