SpiceJet to return Rs 579 cr to Maran

On July 3, 2017, a two judge division bench of the Delhi High Court dismissed budget carrier SpiceJet and its co-founder Ajay Singh’s appeals against an earlier single-judge order asking them to pay Rs 579 crore to Sun Group chief Kalanithi Maran and his KAL Airways as interim relief in a share transfer dispute. The court also directed the two sides to initiate arbitration.

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