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Kal Airways News
SpiceJet battle lost by Kalanithi Maran, but gets back Rs 579 crore
Mon, Jul 23, 2018
An arbitration tribunal has rejected the Rs 1,323 crore damages claim from Spicejet and a bid to take control of the airline by its previous owner Kalanithi Maran and his company Kal Airways, after a bitter share transfer dispute.
Supreme Court dismisses SpiceJet's appeal; orders to pay Rs 579 crore to KAL airways
Fri, Jul 28, 2017
The bench directed SpiceJet to deposit Rs 250 crore in a cash on or or before August 31 and the remaining amount Rs 329 crore by way of bank guarantee with the court towards the disputed amount.
Delhi HC directs SpiceJet to deposit Rs 250 crore in Maran share transfer case
Mon, Jul 03, 2017
According to a media report, single-judge bench of Delhi High Court has directed SpiceJet to pay Rs 579 crore to Sun Group chief, Kalanithi Maran. The High Court has asked SpiceJet to deposit Rs 250 crore in cash by August 31.