Mumbai: The Delhi High Court has ordered SpiceJet NSE -0.76 % to deposit Rs 243.94 crore as interest payments on warrants and nonconvertible redeemable cumulative preference shares that were agreed but not issued to former owner, media baron Kalanithi Maran’s KAL Airways.
The low fare carrier has to deposit the sum in 6 weeks, said the court order, which ET has reviewed. Maran, via KAL Airways, held 58.46% in the airline which he sold to its current promoter Ajay Singh in 2015
