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SpiceJet To Seek ₹450 Cr Refund From Former Owner Kalanithi Maran After Delhi High Court Ruling; Shares Surge Over 2%

The Budget carrier, SpiceJet Limited on Wednesday announced through an exchange filing that the airline is planning to ask for a refund of Rs 450 crore from the Rs 730 crore it had paid to its former owner, Kalanithi Maran, and his company, KAL Airways. This decision by the airline come after a ruling by Delhi High Court on May 17.

Delhi High Court Sets Aside Orders Upholding Arbitral Award In Favour of Kalanithi Maran In SpiceJet Dispute, Quashes ₹270 Crore Payment Directive

The Delhi High Court division bench of Justice Yashwant Varma and Justice Ravinder Dudeja set aside a Single-judge decision that upheld an arbitral tribunal s decision requiring the cash-strapped.

SpiceJet's Wings Spread: Secures Q400 Aircraft From NAC In Settlement Agreement

Gensol Engineering snags $109m via preferential warrant issue, shares jump

Elara India Opportunity Fund, Aries Opportunities Fund and Tano Investment Opportunities Fund participated in the issue.

Go First extends deadline of financial bids to acquire airline