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The Delhi Superior Court docket has requested SpiceJet to pay out Rs 380 crore to the airline’s former promoter Kalanithi Maran in an desire payment case among KAL Airways and the corporation.
The Delhi HC’s ruling of May perhaps 29 will come soon after the airline failed to shell out Rs 75 crore to Maran as directed by the Supreme Courtroom of India.
In addition to, the Delhi Superior Court purchased the airline to post an affidavit of its assets in just four weeks.
“Since the judgment debtor experienced failed to shell out an amount of money of Rs.75.00 crore to decree holder, therefore in conditions of para 15(ii) of the get dated 13.02.2023 of the Hon’ble Supreme Court docket, there is no other option besides to simply call on the judgment debtors to deposit the whole excellent volume qua desire forthwith, consequently is so directed,” the purchase read.
“Affidavit of property be also filed inside four weeks from today.”
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On its component, SpiceJet says that it has paid up the principal volume to Maran. Nevertheless, desire payment is even now pending.
A SpiceJet Spokesperson claimed, “SpiceJet is presently in discussions with Mr Kalanithi Maran and his organization KAL Airways for extensive settlement of the issue.”
“We are confident of resolving the similar mutually as we have previously paid out the complete principal amount of Rs 578 crore previously awarded by the Arbitral Tribunal.”
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