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 May 17, a division bench of the court set aside a single judge bench order that had upheld an arbitral award asking SpiceJet and its promoter Ajay Singh to refund Rs 579 crore plus interest to Maran
SpiceJet | KAL Airways, Kalanithi Maran to seek Rs 1,323 crore in damages from SpiceJet, Ajay Singh telegraphindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from telegraphindia.com Daily Mail and Mail on Sunday newspapers.
On May 17, a division bench of the Delhi High Court overturned a single judge bench's decision, which had upheld an arbitral award requiring SpiceJet and Singh to refund Rs 579 crore plus interest to Maran. Maran and KAL Airways are also seeking the execution of the arbitral award to secure a refund of Rs 353.50 crore in pending dues.
KAL Airways, Kalanithi Maran to seek ₹1,323 crore in damages from SpiceJet, Ajay Singh thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.