Kalanithi Maran

In an escalation of the ongoing dispute, SpiceJet on Tuesday said the claims made by KAL Airways and Kalanithi Maran for more than Rs 1,323 crore in damages are baseless and legally untenable. On Monday, KAL Airways and Kalanithi Maran said they will seek more than Rs 1,323 core in damages from SpiceJet and its chief Ajay Singh as well as challenge the recent Delhi High Court order in the ongoing dispute between the two sides. In a regulatory filing, SpiceJet said it strongly refutes the claims made by KAL Airways and Maran regarding seeking damages of Rs 1,323 crore. "These assertions are not only legally untenable but also a regurgitation of previously rejected claims by the arbitral tribunal and then the Delhi High Court," the airline said in the filing on Tuesday. According to the carrier, KAL Airways and Maran initially sought damages of more than Rs 1,300 crore during the arbitration proceedings. "This claim was thoroughly examined and subsequently rejected by a panel of thr

KAL Airways and its promoter Kalanithi Maran have decide to challenge an arbitral award requiring SpiceJet and Ajay Singh to refund Rs 579 crore plus interest to Maran

For the last several quarters, SpiceJet has been grappling with a cash crunch amid multiple legal battles over unpaid dues to aircraft lessors, engine lessors, lenders, and Maran

Airline taking step after Delhi High Court gave it reprieve in share transfer dispute

Kal Airways and Maran had moved the Delhi High Court on August 9, 2023, seeking 50 per cent of the daily revenue collection of low-cost carrier SpiceJet to be paid to them on a weekly basis

The Delhi High Court overturned a single judge's ruling that upheld the validity of an arbitral award in favour of Kalanithi Maran

The Delhi High Court has asked SpiceJet's chairman and managing director, Ajay Singh, to be present on the next date of hearing

Last month, the court had asked the airline to pay Rs 100 crore to Maran by September 10

Kalanithi Maran claims that SpiceJet owes him Rs 393 crore as of August 3

The court also issued notice to SpiceJet and Singh to file an affidavit disclosing their assets before the next hearing

Sun Group says 'no question' of that, asks airline to make full payment to in arbitral award

While dismissing the plea, the bench said that the present application is 'nothing but a delay tactic of Spicejet Ltd. to not pay money even when there are court orders directing the same'

From hearing a plea for EWS and DG seats in schools to refusing to grant a stay on the investigation in Ashneer Grover case, here are important cases of the day

The court's ruling which came out on Monday stemmed from a long-running battle between the Maran family and the current promoter, Ajay Singh, and SpiceJet, over contractual obligations

Court orders SpiceJet to deposit Rs 75 cr in drawn-out dispute over airline's acquisition

SpiceJet incurred net losses of Rs 316 crore, Rs 934 crore, Rs 998 crore and Rs 1,725 crore in FY19, FY20, FY21 and FY22, respectively

Businessman claims airline promoter committed breach of trust by not transferring shares

The Supreme Court 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.

The senior counsel of KAL Airways said that Spicejet will have to pay them Rs 920 crore

SpiceJet offers to pay Rs 600 cr cash in the share transfer case with former promoter Kalanithi Maran and his firm KAL Airways for a full and final settlement of all disputes