SpiceJet To Seek Rs 450 Crore Refund From Kalanithi Maran After High Court Ruling

SpiceJet and its promoter, Ajay Singh, have been embroiled in the case against Kalanithi Maran and KAL Airways over issues stemming from a share transfer agreement.

Following the Delhi High Court ruling, SpiceJet has announced plans to seek a refund of Rs 450 crore from former promoter Kalanithi Maran and his firm, KAL Airways.

A division bench's order overturned a previous single-judge order in the prolonged share transfer dispute.

SpiceJet and its promoter, Ajay Singh, have been embroiled in the case against Kalanithi Maran and KAL Airways over issues stemming from a share transfer agreement.