SpiceJet Shares Fall 4% After Supreme Court Directs Airline to Pay Rs 270 Crore to Kalanithi Maran

On Monday, the Supreme Court of India said the bank guarantee of Rs 270 crore of SpiceJet must be encashed immediately and the money be paid to media baron Kalanithi Maran and his Kal Airways towards dues from the arbitral award of Rs 578 crore. SpiceJet Shares Fall 4% After Supreme Court Directs Airline to Pay Rs 270 Crore to Kalanithi Maran.

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