The Supreme Court on Friday stayed a Delhi High Court order that had asked Ajay Singh and his low-cost airline SpiceJet to deposit Rs 243 crore towards interest in connection with a share transfer dispute with former promoter Kalanithi Maran and his company KAL Airways.
The interest amount was payable on Rs 579 crore that the HC had earlier asked SpiceJet to deposit pursuant to the 2018 arbitration award in the dispute.
