SpiceJet demands Rs 450 cr refund from former promoter Maran
The Business Guardian|May 23, 2024
Spice piceJet plans to reclaim Rs 450 crore from its former promoter Kalanithi Maran following a Delhi High Court decision last week in favor of the airline after a prolonged dispute over share transfers.
SpiceJet demands Rs 450 cr refund from former promoter Maran

According to a statement on Wednesday, the budget carrier stated it had previously disbursed Rs 730 crore to Maran's firm, KAL Airways - Rs 580 crore as principal and Rs 150 crore as interest based on a 2018 arbitration tribunal's directive upheld by a single-judge bench in 2023. However, a division bench of the Delhi High Court reversed this decision on May 17, clearing the way for SpiceJet to pursue the Rs 450 crore refund.

هذه القصة مأخوذة من طبعة May 23, 2024 من The Business Guardian.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة May 23, 2024 من The Business Guardian.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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