May 22, 04:41 AM

Delhi High Court Overturns Order, SpiceJet Seeks ₹450 Crore Refund from Maran

On May 17, the Division Bench of the Delhi High Court allowed an appeal by SpiceJet and its Chairman and Managing Director Ajay Singh, overturning a previous order that directed SpiceJet to refund over ₹270 crore to Sun Group promoter Kalanithi Maran and Kal Airways. The single judge bench order had upheld an arbitral award asking SpiceJet and Singh to refund ₹579 crore plus interest to Maran. Following the ruling, SpiceJet is now seeking a refund of ₹450 crore from Maran in a share transfer case.

#Division Bench #Delhi High Court #SpiceJet #Ajay Singh #Sun Group #Kalanithi Maran #Kal Airways #Singh #Maran

Written with ChatGPT (GPT-4o).

Sources

IndiaToday@IndiaToday
2 years ago
#SpiceJet to seek refund of Rs 450 crore from promoter Kalanithi Maran https://t.co/jZxMFjalAH
Economic Times@EconomicTimes
2 years ago
#SpiceJet to seek Rs 450 cr #refund from erstwhile promoter #Maran following Delhi HC ruling https://t.co/mt0gdHrSr7
CNBC-TV18@CNBCTV18Live
2 years ago
#SpiceJet to seek a refund of ₹450 cr from Kalanithi Maran Alert: #DelhiHC ruled in favour of co & Ajay Singh in share transfer case against former promoter https://t.co/MgKHRfnmA0

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Delhi High Court Overturns Order, SpiceJet Seeks ₹450 Crore Refund from Maran

Sources

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