ETV Bharat / Delhi Hc Order Spicejet Case

Delhi Hc Order Spicejet Case

A two judge bench of the Delhi High stays the arbitral award directing Spicejet to refund Rs 579 crore to the Sun Group chairman Kalanithi Maran. The bench comprising Justices Yashwant Varma and Ravinder Dudeja was hearing a petition from the carrier's chairman and managing director Ajay Singh. The plea challenged the award announced by the arbitral tribunal favouring Maran and his Kal Airways. Maran and his co had claimed that they had paid Rs. 679 crore for issuing warrants and preference shares.

HC Sets Aside Order Upholding Arbitral Award In Favour Of Kalanithi Maran In Dispute With SpiceJet

2 Min Read

May 17, 2024

PTI

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