May 26, 06:21 AM

Delhi High Court Dismisses ₹1,300 Crore Damages Appeal by KAL Airways and Kalanithi Maran; SpiceJet Shares Rise 4%

The Delhi High Court has dismissed an appeal filed by KAL Airways and businessman Kalanithi Maran seeking over ₹1,300 crore in damages from SpiceJet. The court's decision came after the petitioners claimed compensation from the airline, but the appeal was rejected. Following the ruling, SpiceJet's shares rose by more than 4% in the Indian stock market. Separately, the Court of Appeal in Kenya allowed Equity Bank to sell land owned by East Africa Cables to recover a debt of KES 2.2 billion, while cautioning that the bank could owe damages if the sale violated the law. East Africa Cables has challenged the sale as irregular and is seeking KES 5.5 billion in compensation.

#Delhi High Court #KAL Airways #Kalanithi Maran #SpiceJet #Indian #Court of Appeal #Kenya #Equity Bank #East Africa Cables

Written with ChatGPT (GPT-4).

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Delhi High Court Dismisses ₹1,300 Crore Damages Appeal by KAL Airways and Kalanithi Maran; SpiceJet Shares Rise 4%

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