Tuesday, August 16, 2022

SC to consider plea for mediation to settle disputes between SpiceJet & Kalanithi Maran

New Delhi: The Supreme Court on Tuesday said it would consider a joint request for mediation of low-cost airline SpiceJet and media baron Kalanithi Maran and his Kal Airways for amicably settling all pending disputes between them including the row over the share-transfer issue.

A bench comprising Chief Justice N.V. Ramana and Justices J.K. Maheshwari and Hima Kohli was apprised by senior advocate Mukul Rohatgi, appearing for SpiceJet, that there were three pending issues between the low-cost airline and Mr. Maran and out of these, one has been settled on July 29.

Initially, Mr. Rohatgi sought four to six week time for settling all the issues between the parties.

However, senior advocate Vikas Singh, representing Mr. Maran and his Kal Airways, suggested mediation between the parties at the Hyderabad mediation centre which was also supported by SpiceJet through Mr. Rohatgi.

“We will see,” the bench said.

At the outset, Mr. Rohatgi said, “there were three issues between us. One is the issue arising in this matter and there are other two issues which are not part of the present matter. The other side is keen to settle all the three in one go. Two issues are foreign to this matter and out of those, one has been settled on July 29.”

“One issue was that the airline had taken a loan from a lender which was backed by the security given by the respondents (Maran and others) and the respondents wanted that we should clear the loan and the security may be released. We have reached a settlement with the lender and the security will be released and so that part is over,” he said.

Another outstanding issue between the parties is the prosecution of the respondents (Maran and others) for the TDS being delayed, he said.

“We are engaging with the respondents jointly to file so that the quashing can be done and the matter is finished...,” Mr. Rohatgi said, adding the matter be kept after four to six weeks to ensure that settlement on all issues is reached before the apex court itself.

“I would suggest that mediation at Hyderabad mediation centre,” Mr. Singh suggested on behalf of Mr. Maran.

Both parties agreed to the suggestion.

16/08/22 PTI/The Hindu

To Read the News in full at Source, Click the Headline


Post a Comment