Friday, September 15, 2017

Maran row: SpiceJet deposits Rs 250 crore with HC registrar

Mumbai: SpiceJet today said it has deposited Rs 250 crore with the Registrar General of High Court of Delhi in connection with a share transfer dispute with its previous owner Kalanithi Maran and his KAL Airways.
The Ajay Singh-promoted budget carrier said it has done so in compliance with court orders.
"This refers to judgement and final order dated July 29, 2016 passed by the learned single judge of the hon ble High Court of Delhi... further modified by the order of the hon ble Supreme Court of India dated July 31, 2017... inter- alia directing the company to deposit Rs 250 crore to the Registrar General of High Court of Delhi on or before September 14, 2017.

"In this regard, we wish to inform you the company has deposited Rs 250 crore with the Registrar General of High Court of Delhi on September 14, 2017, in compliance with the above said orders," SpiceJet said in a regulatory filing.

The Supreme Court on July 28 dismissed the appeals of SpiceJet challenging the Delhi High Court verdict asking it to deposit Rs 579 crore in connection with a share transfer dispute with its previous owner Kalanithi Maran.
15/09/17 PTI/Economic Times

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