Kalanithi Maran and his company KAL Airways on Thursday moved the Delhi High Court seeking attachment of SpiceJet promoter Ajay Singh’s shareholding and taking over the management after the airline failed to deposit Rs 243 crore in favour of the Sun Group chairman.
In September, the high court had asked SpiceJet to make the deposit within six weeks and the deadline expired on October 14. The amount relates to interest payout of the sum Maran and his KAL Airways won as refund from an arbitration panel in 2018.
