SpiceJet warns of ‘collapse’ in Delhi high court, seeks relief from ₹144.5 cr deposit in Maran dispute
SpiceJet told the Delhi high court it could “collapse” if forced to immediately deposit ₹144.5 crore in its long-running dispute with Kalanithi Maran and KAL Airways Pvt. Ltd., citing disruptions caused by the West Asia conflict and rising aviation turbine fuel prices.
Appearing for the airline, senior advocate Mukul Rohatgi told the bench of Justice Subramonium Prasad on Monday that SpiceJet’s operations and cash flows have been severely impacted, particularly due to restrictions on flights to the Gulf.
