{"id":467595,"date":"2022-02-11T11:25:32","date_gmt":"2022-02-11T05:55:32","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=467595"},"modified":"2022-02-11T11:25:32","modified_gmt":"2022-02-11T05:55:32","slug":"sc-asks-maran-kal-airways-to-consider-settlement-with-spicejet","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/sc-asks-maran-kal-airways-to-consider-settlement-with-spicejet\/","title":{"rendered":"SC asks Maran, KAL Airways to consider settlement with SpiceJet"},"content":{"rendered":"<p>The Supreme Court on Thursday sought a response from Kalanithi Maran-led KAL Airways on an offer from SpiceJet Ltd to consider ending a share transfer dispute with the airline on receiving \u20b9600-odd crore towards full and final payment.<\/p>\n<p>A bench, led by chief justice of India NV Ramana, gave Maran and Kal Airways time till February 14 to respond to the settlement offer, which entailed encashment of bank guarantee of \u20b9270 crore, with a top-up amount of \u20b930crore.<\/p>\n<p>\u201cOf the principal amount of \u20b9578 crore awarded in arbitration, SpiceJet has already paid \u20b9308 crore in cash to them,\u201d senior advocate Mukul Rohatgi, representing SpiceJet, informed the bench, which also included justices AS Bopanna and Hima Kohli.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Supreme Court on Thursday sought a response from Kalanithi Maran-led KAL Airways on an offer from SpiceJet Ltd to consider ending a share transfer dispute with the airline on receiving \u20b9600-odd crore towards full and final payment. A bench, led by chief justice of India NV Ramana, gave Maran and Kal Airways time till February 14 to respond to the settlement offer, which entailed encashment of bank guarantee of \u20b9270 crore, with a top-up amount of \u20b930crore. \u201cOf the principal amount of \u20b9578 crore awarded in arbitration, SpiceJet has already paid \u20b9308 crore in cash to them,\u201d senior advocate [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[184,141,130],"tags":[],"class_list":["post-467595","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-hindustantimes","category-hindustantimes","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/467595","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=467595"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/467595\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=467595"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=467595"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=467595"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}