Supreme Court Upholds ₹144 Crore Payment, Rejects SpiceJet's Maran Dispute Plea

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Supreme Court Upholds ₹144 Crore Payment: SpiceJet Plea Dismissed in Maran Dispute

Supreme Court Upholds ₹144 Crore Payment: SpiceJet Plea Dismissed in Maran Dispute

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CNBC TV18•27-02-2026, 19:12

Supreme Court Upholds ₹144 Crore Payment: SpiceJet Plea Dismissed in Maran Dispute

•Supreme Court dismissed SpiceJet's plea challenging Delhi High Court's order to deposit ₹144.51 crore in the Kalanithi Maran dispute.
•The court imposed ₹1 lakh costs on Ajay Singh, citing endless litigation.
•The dispute originated from a 2015 Share Sale and Purchase Agreement involving Kalanithi Maran, KAL Airways, and Ajay Singh.
•SpiceJet has already paid ₹730 crore, including ₹580 crore principal and ₹150 crore interest, to Maran and KAL Airways.
•SpiceJet stated the ruling has no impact on its operations and expressed confidence in a potential ₹449 crore refund.

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