SpiceJet heads for mediation with Maran

The nearly six-year-old share transfer dispute between SpiceJet’s Ajay Singh and Kalanithi Maran and his KAL Airways may now go through a mediation process. On Tuesday, both the parties told Supreme Court that they would prefer the mediation route over arbitration. The apex court said it will consider the suggestion.

Senior counsel Mukul Rohatgi, appearing for SpiceJet, told a bench led by Chief Justice NV Ramana that one out of the three pending issues with Maran had been settled in July and another four to six weeks were needed to resolve the remaining disputes.