Supreme Court stays Delhi High Court order directing SpiceJet to deposit Rs. 243 crores in Kalanithi Maran case

In September, the Delhi High Court had asked the airline company to make the deposit of the 243 crores within six weeks.
Supreme Court stays Delhi High Court order directing SpiceJet to deposit Rs. 243 crores in Kalanithi Maran case
share transfer dispute between Kalanithi Maran & SpiceJet Airways

SpiceJet secured a major reprieve from the Supreme Court on Friday with the top court staying a direction issued by Delhi High Court to the airline company to deposit Rs 243 crore in the ongoing dispute with its former promoter Kalanithi Maran.

A three-judge bench of the apex court led by Chief Justice of India, SA Bobde issued notice to Maran in an appeal filed by SpiceJet against orders passed by Delhi high court in September and October this year in a share transfer dispute between Maran and the airlines.

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