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SpiceJet, Ajay Singh undertake to pay Rs 140 crore in KAL Airways dispute
SpiceJet and Ajay Singh will pay Rs 140 crore to KAL Airways and Kalanithi Maran. The airline will deposit Rs 50 crore within forty-five days. The remaining Rs 90 crore will be paid within ninety days thereafter. The Delhi High Court will monitor this payment schedule closely. Hearing SpiceJet's challenge to the arbitral award is deferred until compliance.
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economictimes.indiatimes.com
SpiceJet, Ajay Singh undertake to pay Rs 140 crore in KAL Airways dispute
SpiceJet and Ajay Singh will pay Rs 140 crore to KAL Airways and Kalanithi Maran. The airline will deposit Rs 50 crore within forty-five days. The remaining Rs 90 crore will be…
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thehindubusinessline.com
Will deposit ₹50 crore in 45 days: SpiceJet tells HC on dispute with Kal Airways
On May 4, the bench dismissed pleas by SpiceJet and Ajay Singh seeking a review of a January 19 order to deposit over ₹144 crore in the case.