{"id":581368,"date":"2023-06-02T10:24:53","date_gmt":"2023-06-02T04:54:53","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=581368"},"modified":"2023-06-02T11:56:39","modified_gmt":"2023-06-02T06:26:39","slug":"court-directs-spicejet-to-pay-rs-380-crore-to-former-promoter-kalanithi-maran","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/court-directs-spicejet-to-pay-rs-380-crore-to-former-promoter-kalanithi-maran\/","title":{"rendered":"Court directs SpiceJet to pay Rs 380 crore to former promoter Kalanithi Maran"},"content":{"rendered":"<p>The Delhi High Court has asked budget carrier SpiceJet to pay \u20b9380 crore to its former promoter, Kalanithi Maran, in a seven-year-old share transfer dispute. The court also directed the airline to furnish details of its assets within four weeks.<\/p>\n<p>Justice Yogesh Khanna noted Maran&#8217;s claim that the airline was violating its previous orders. &#8220;The arguments of the decree holder appear plausible, as admittedly there is no modification of order dated February 13 passed by the Supreme Court, hence it needs to be followed,&#8221; the court said in its order.<\/p>\n<p>On February 13, the Supreme Court had directed Spicejet to pay \u20b975 crore against Maran&#8217;s claim of \u20b9362.49 crore in interest dues within three months under the 2018 arbitration award.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Delhi High Court has asked budget carrier SpiceJet to pay \u20b9380 crore to its former promoter, Kalanithi Maran, in a seven-year-old share transfer dispute. The court also directed the airline to furnish details of its assets within four weeks. Justice Yogesh Khanna noted Maran&#8217;s claim that the airline was violating its previous orders. &#8220;The arguments of the decree holder appear plausible, as admittedly there is no modification of order dated February 13 passed by the Supreme Court, hence it needs to be followed,&#8221; the court said in its order. On February 13, the Supreme Court had directed Spicejet to [&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":[192,130,136],"tags":[],"class_list":["post-581368","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/581368","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=581368"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/581368\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=581368"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=581368"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=581368"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}