Overview
- The Supreme Court, which ruled Tuesday, told SpiceJet to seek more time from the Delhi High Court to deposit ₹144.5 crore in its case with Kalanithi Maran and KAL Airways.
- The bench kept the deposit order intact but asked the High Court to consider new government credit measures when it reviews the timeline.
- SpiceJet sought about three months, citing revenue hits from West Asia airspace closures and a proposed ₹5,000 crore rescue plan for airlines.
- Lawyers for Maran and KAL Airways opposed any extension, saying the sum has been due since February 2023 and that the airline has used delay tactics.
- The fight stems from a 2015 stake transfer and a 2018 award to refund ₹579 crore with interest, with SpiceJet saying it has already paid about ₹729 crore of roughly ₹873 crore.