In a setback for SpiceJet, the Delhi High Court has ordered the airline to pay Rs 380 crore to Kalanithi Maran of KAL Airways and also asked it to submit an affidavit of assets within four weeks.A single judge bench of Justice Yogesh Khanna .
Get latest articles and stories on India at LatestLY. The Delhi High Court has directed SpiceJet to deposit "forthwith" Rs 75 crore that has to be paid to media baron Kalanidhi Maran and his Kal Airways towards interest on an arbitral award of Rs 578 crore. India News | HC Directs SpiceJet to Pay Rs 75 Cr to Kalanithi Maran Towards Interest on Arbitral Award.
The Delhi high court has directed SpiceJet to deposit forthwith Rs 75 crore that has to be paid to media baron Kalanidhi Maran and his Kal Airways towards interest on an arbitral award of Rs 578 crore.
The high court said, admittedly, there is no modification of the February 13, 2023 order passed by the Supreme Court in the case, and hence it needs to be followed. Since the judgment debtor (SpiceJet) had failed to pay an amount of Rs 75 crores to decree holder (Maran and Kal Airways), hence in terms of para 15 (ii) of the order dated February 13, 2023 of the Supreme Court, there is no other alternative except to call upon the judgment debtors to deposit the entire outstanding amount qua interest forthwith, thus is so directed.
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