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SPICEJET SUN ARBITRATION
SpiceJet says Sun Group's claims of damages are unfoundedSpiceJet and Ajay Singh refuted Kalanithi Maran and KAL Airways' Rs 1,323 crore damages claim as legally untenable. Maran plans to challeng...- SpiceJet refutes KAL, Maran's Rs 1,323 cr damages claim, terms it 'legally untenable'SpiceJet refuted the Rs 1,323 crore damages sought by Kalanithi Maran and KAL Airways as legally untenable. Maran and KAL plan to challenge...
- Kalanithi Maran to seek Rs 1,323 crore in damages from SpiceJetAccording to the Sun group, as part of a share transfer agreement signed in 2015 when Ajay Singh took over SpiceJet, Maran and KAL Airways ...
- SpiceJet and Sun Group in fresh war of words over shareholders disputeThe Delhi High Court had set aside its earlier order upholding the arbitral award in favour of Kalanithi Maran and against low-cost airline...
- Delhi HC asks SpiceJet to pay Rs 50 cr to KAL Airways in 6 weeksSpiceJet ordered by Delhi High Court to pay Rs 50 crore to KAL Airways within six weeks in a case related to an arbitration award won by Ka...
- Delhi HC summons SpiceJet MD Ajay Singh again, seeks clarity on Maran arbitration payment planOn July 31, the HC had upheld the arbitral award that had asked SpiceJet and Singh to pay Rs 579 crore with interest to Maran in a seven-ye...
- Arbitral award dispute: HC asks SpiceJet MD Ajay Singh to appear in JanuaryThe Delhi High Court has requested SpiceJet's Managing Director Ajay Singh to appear in January in a dispute over interest dues on an arbit...
- SpiceJet vs Maran case: Delhi HC asks promoter Ajay Singh to pay outstanding amount by Sept 12The Delhi High Court has ordered SpiceJet and its promoter Ajay Singh to pay the remaining Rs 32.5 crore to Kalanithi Maran and Kal Airways...
- HC refuses to stay SpiceJet's interest liability in arbitral award to former promoter MaranThe division bench of Delhi High Court on Thursday refused to stay its single-judge order upholding an arbitral award asking SpiceJet and i...
- Kalanithi Maran Vs SpiceJet: Airline director challenges before Delhi HC single-judge order upholding arbitral awardLow-cost airline SpiceJet and its Chairman and Managing Director (CMD) Ajay Singh before the Delhi High Court have challenged a single-judg...
- No question of amicable settlement with SpiceJet: Sun GroupLast week, the Supreme Court had directed SpiceJet to pay the entire arbitral amount of Rs 380 crore to its former promoter Kalanithi Maran...
- Supreme Court directs SpiceJet to pay Maran Rs 380-crore arbitration awardThe Supreme Court has directed SpiceJet, which had sought two more months to pay former promoter Kalanithi Maran an arbitration award of IN...
- Execution of Rs 578 cr arbitral award: SC refuses to extend time for SpiceJet to make payment to Maran, Kal AirwaysIn a jolt to low-cost airlines SpiceJet, the Supreme Court on Friday refused to extend the time for making payment to media baron Kalanidhi...
- SC directs SpiceJet to pay Kalanithi Maran entire arbitral amount of Rs 380 crThe Supreme Court on Friday directed budget carrier SpiceJet to pay the entire arbitral amount of Rs 380 crore to its former promoter Kalan...
- Encash guarantee to pay arbitral award to Kalanithi Maran: Supreme Court to SpiceJetThe decision relates to a seven-year-old share transfer dispute between SpiceJet's chairman and managing director Ajay Singh and Kalanithi ...
- Spicejet should consider giving some interest to Kal Airways, Kalanithi Maran: Supreme CourtA bench comprising Chief Justice N V Ramana and Justices Krishna Murari and Hima Kohli has now fixed the case for further hearing on April ...
- SC stays HC order asking SpiceJet to pay around Rs 243 cr to Kalanithi Maran, firmSpiceJet and its promoter Ajay Singh were asked to deposit around Rs 243 crore as interest payable on Rs 579 crore, which the high court ha...
- SpiceJet posts Rs 38 crore loss in Q1on arbitration provisionThe airline posted a loss of Rs 38 crore in the three months ended June compared with a profit of Rs 175.2 crore a year earlier, Gurugram-b...
- SpiceJet posts Q1 loss of Rs 38 crore due to provisioningRising crude and falling rupee is making survival difficult for Indian carriers, who are reporting decline in numbers.
- Former promoter Kalanithi Maran seeks over Rs 2,000 crore compensation from SpiceJetMaran has sought compensation due to losses incurred because of SpiceJet’s alleged failure to issue convertible warrants and preference sha...
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