The Delhi High Court today upheld a single-judge order directing SpiceJet to return two leased aircraft and three engines to TWC Aviation Capital, due to an outstanding debt of nearly Rs 120 crore. Despite SpiceJet’s financial struggles, the court refused to grant interim relief. The airline eventually agreed to comply with the order by June 17, 2024.
The Delhi High Court directed SpiceJet to comply with a UK court order to return two leased aircraft and three engines to TWC Aviation Capital, emphasizing the enforceability of international legal rulings. The decision stems from a legal dispute over lease agreements and non-payment of dues, with SpiceJet facing legal consequences for failing to adhere to the UK court’s orders.
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.
Credit Suisse Today informed the Supreme Court that SpiceJet settled its dues, avoiding further defaults. Justices scheduled a hearing for July to ensure compliance. The case involves SpiceJet owing $20 million to SR Technics. The court had directed SpiceJet to settle the dues by March 15 and abstain from taking further risks. Previous disputes led to legal action.
The Chandigarh Consumer Commission fined SpiceJet and a travel agent for incomplete refunds on COVID-cancelled flights, despite ministry advisories. Complainants only received partial reimbursements. The commission ordered full refunds with interest and compensation for mental agony and litigation costs, totaling Rs.15,000. The case was titled Prahlad Bhagat Vasudeva and Ors v. SpiceJet Ltd and Anr.
