The Supreme Court refused to interfere with the Delhi High Court’s order directing SpiceJet and Ajay Singh to deposit Rs 144.51 crore in the long-running dispute with Kalanithi Maran and KAL Airways.
The Court also imposed Rs 1 lakh costs on Singh for repeatedly pursuing the litigation despite earlier directions.
Today(on 26th July), The Supreme Court upheld Delhi High Court’s decision to remand the arbitration dispute between Kalanithi Maran and SpiceJet back to a single judge. This follows legal battles over an arbitral award favoring Maran, with significant financial implications for both parties. SpiceJet plans to pursue a Rs. 450 crore refund, enhancing its financial position and enabling further expansion.
Today, On 16th May, The Delhi High Court approved SpiceJet’s appeal, overturning a previous order to refund Rs. 270 crore to Kalanithi Maran. This marks a legal victory for SpiceJet in the long-standing dispute with Maran. The court upheld an Arbitral Award, overturning the previous order and setting aside the refund directive. This decision is significant for the airline.