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KAL Airways, Kalanithi Maran to seek Rs 1,323 crore in damages from SpiceJet, Ajay Singh

The case dates back to early 2015, when Singh, who owned the airline earlier, bought it back from Maran after it was grounded for months due to resource crunch.

Kalanithi Maran, KAL Airways To Seek Rs 1,323 Crore In Damages From SpiceJet, Its Chief

KAL Airways and Kalanithi Maran on Monday said they will seek more than Rs 1,323 crore 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.

KAL Airways, Kalanithi Maran to seek Rs 1,323 cr in damages from SpiceJet, Ajay Singh

India Business News: KAL Airways and Kalanithi Maran challenge Delhi High Court order with Supreme Court support, seeking refund of pending dues and damages exceeding Rs 1

KAL Airways, Kalanithi Maran to Seek Rs 1,323 Crore in Damages from SpiceJet, Ajay Singh

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

SpiceJet | KAL Airways, Kalanithi Maran to seek Rs 1,323 crore in damages from SpiceJet, Ajay Singh
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