Delhi HC Dismisses SpiceJet Plea for Extension over ₹144.5 Cr Deposit to Marans
4 Articles
4 Articles
SpiceJet's Extension Plea Rejected After Rs 50 Crore Deposit to Maran Went Unpaid
Get latest articles and stories on Business at LatestLY. SpiceJet's failure to deposit Rs 50 crore within the 45 days it had promised has cost it another reprieve. On Tuesday, the Delhi High Court dismissed the airline's plea for more time to deposit Rs 144.51 crore in its dispute with Kalanithi Maran and KAL Airways. Business News | SpiceJet's Extension Plea Rejected After Rs 50 Crore Deposit to Maran Went Unpaid.
New Delhi: The Delhi High Court on October 13 dismissed the plea of SpiceJet Limited and its Managing Director Ajay Singh seeking more time to deposit Rs 144 crore. This amount has to be deposited as per the earlier court orders. The company and Ajay Singh had also given personal assurance in the court that they would deposit this amount. Rs 50 crore […] The post SpiceJet's plea for extension of time to deposit Rs 144 crore rejected by HC appear…
Delhi HC rejects SpiceJet’s plea to submit Gurugram property instead of ₹144 cr in Kalanithi Maran and KAL Airways - BusinessToday
Instead of making the deposit, the airline reiterated its proposal to offer an unencumbered one-acre land parcel in Udyog Vihar, Gurugram, valued at ₹400-500 crore, as security.
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