The Supreme Court has stayed a Delhi High Court order asking cash-strapped airlines SpiceJet to deposit around Rs 243 crore as interest in connection with a share transfer dispute with its former promoter and media baron Kalanithi Maran and his firm KAL Airways.
A bench comprising Chief Justice S A Bobde and justices A S Bopanna and V Ramasubramanian also issued notices to Kalanithi Maran and his firm on an appeal of SpiceJet Ltd and its promoter filed against the September 2 order of the Delhi High Court.
“Issue notice returnable within four weeks. “There shall be a stay of operation of the impugned order until further orders,” said the bench in its order after hearing both parties via video conferencing on Friday.
