KAL Air, Maran to seek over ₹1.3K cr from SpiceJet, Singh
Business Standard|May 28, 2024
The battle between SpiceJet and Kalanithi Maran took a fresh turn on Monday as KAL Airways and Maran said they will seek over ₹1,323 crore in damages from SpiceJet and its chief Ajay Singh.
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KAL Air, Maran to seek over ₹1.3K cr from SpiceJet, Singh

This will be in addition to challenging the recent Delhi High Court order, which was in the airline's favour in a protracted share transfer dispute.

A division bench of the high court had overturned a single judge order that had upheld an arbitral award asking SpiceJet and its promoter Ajay Singh to refund ₹579 crore plus interest to Maran.

The division bench had also sent it back to the single judge to rehear the case.

This story is from the May 28, 2024 edition of Business Standard.

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This story is from the May 28, 2024 edition of Business Standard.

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