Delhi High Court on Thursday ordered SpiceJet chairman and managing director (CMD) Ajay Singh to pay Rs 100 crore to Kalanithi Maran by September 10, according to a report by Money Control. The failure to do so may result in the CMD’s arrest, the Court said.
Singh has been summoned to the Court after Maran filed an application stating that despite being asked to do so, SpiceJet had not filed an affidavit of assets and liabilities in 2020.
Maran claims that the budget airlines owes him Rs 393 crore as of August 3 and had sought that 50 per cent of the airline’s daily revenues go towards this payment. The Court issued a notice for the same.
