{"id":380049,"date":"2020-10-23T08:32:27","date_gmt":"2020-10-23T03:02:27","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=380049"},"modified":"2020-10-23T08:53:22","modified_gmt":"2020-10-23T03:23:22","slug":"kalanithi-maran-moves-delhi-hc-against-non-payment-of-rs-243-cr-by-spicejet","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/kalanithi-maran-moves-delhi-hc-against-non-payment-of-rs-243-cr-by-spicejet\/","title":{"rendered":"Kalanithi Maran moves Delhi HC against non-payment of Rs 243 cr by SpiceJet"},"content":{"rendered":"<p>Kalanithi Maran, owner of Sun Group and ex-promoter of SpiceJet, has moved Delhi High Court (HC), seeking attachment of SpiceJet promoter Ajay Singh\u2019s shareholding after the airline failed to deposit Rs 243 crore in favour of Sun Group chairman. <\/p>\n<p>The case predates to 2017 and relates to a dispute arising out of non-issuance of warrants in favour of Maran, after transfer of ownership to Ajay Singh \u2014 the current promoter of SpiceJet. <\/p>\n<p>In September, Delhi HC had asked SpiceJet to deposit an additional Rs 243 crore. The court had then said that if the amount was not deposited within six weeks, Maran had the right to seek status quo on SpiceJet\u2019s shareholding. It meant the company would not be able raise new capital from the market through issuance of fresh shares or stake sale.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kalanithi Maran, owner of Sun Group and ex-promoter of SpiceJet, has moved Delhi High Court (HC), seeking attachment of SpiceJet promoter Ajay Singh\u2019s shareholding after the airline failed to deposit Rs 243 crore in favour of Sun Group chairman. The case predates to 2017 and relates to a dispute arising out of non-issuance of warrants in favour of Maran, after transfer of ownership to Ajay Singh \u2014 the current promoter of SpiceJet. In September, Delhi HC had asked SpiceJet to deposit an additional Rs 243 crore. The court had then said that if the amount was not deposited within six [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-380049","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/380049","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=380049"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/380049\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=380049"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=380049"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=380049"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}