NEW DELHI: The Supreme Court of India on Thursday urged SpiceJet and Kalanithi Maran, media-baron and former promoter of SpiceJet, to consider settling their share transfer dispute. The Top Court’s remark came after Rs 600 crore offered by SpiceJet was not accepted by Maran as he is seeking interest on this amount which is around Rs 300 crore.
A Supreme Court bench headed by Chief Justice NV Ramana has now posted the case for hearing on April 12 and asked SpiceJet to consider paying interest amount to Maran. The controversy between the current and former promoter of the struggling airline dates back to 2015 when Maran and KAL Airways had transferred their 58.46% stake in SpiceJet to Ajay Singh for a token amount of Rs 2.
