Monday, September 11, 2023

SpiceJet Pays ₹ 100 Crore To Kal Airways, Kalanithi Maran

New Delhi: SpiceJet, in a statement on Tuesday, confirmed that it has completed the payment of ₹ 100 crore to Kal Airways Private Limited. While a payment of ₹ 77.5 crore had been made to Kal Airways till September 11, the remaining ₹ 22.5 crore was paid on Tuesday.

The Delhi High Court on Monday had directed SpiceJet and its chairman and managing director (CMD), Ajay Singh, to make an RTGS transfer before 4 pm till Tuesday while hearing a plea moved by Kal Airways stating that the order passed by the court was not being complied with.

They had only paid 62.5 crore to Kal Airways and Kalanithi Maran on September 8 and the amount of 37.5 crore was still remaining, stated the Senior Advocate who appeared for Kal Airways.

Earlier, the Delhi High Court had ordered SpiceJet to pay ₹ 100 Crore by September 10, 2023.

Maninder Singh, senior advocate, instructed by Nandini Gore senior partner; Sonia Nigam, principal associate and Yash Dubey, and Akarsh Sharma, associate advocates from Karanjawala & Co; appeared on behalf of Kal Airways Pvt. Ltd. and Kalanithi Maran and Amit Sibal, a senior advocate appeared on behalf of Spicejet Ltd and Ajay Singh in the matter.

The division bench of the Delhi High Court recently refused to stay a single bench order upholding the arbitral tribunal's order directing SpiceJet and its chairman and managing director to refund over ₹ 270 crore to Sun Group promoter Kalanithi Maran and Kal Airways.

12/09/2023 ANI/NDTV

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