SpiceJet completes payment of Rs 100 crore to KAL Airways Private Limited
SpiceJet on Tuesday said it has completed the payment of Rs 100 crore to Kal Airways Private Limited.
“While a payment of Rs 77.5 crore had been made to Kal Airways until 11 September, the remaining Rs 22.5 crore was paid today,” SpiceJet’s release said.
This was after the Delhi High Court on Monday gave SpiceJet’s Chairman and Managing Director Ajay Singh time until 12 September to pay the remaining money towards the Rs 100 crore arbitral award dues to the Chairman and Founder of the Sun Group and promoter of Kal Airways, Kalanithi Maran.
