Supreme Court Upholds Rs 144.51 Crore Deposit Order Against SpiceJet in Maran Dispute

The Supreme Court dismissed SpiceJet's plea against a Delhi High Court order directing the airline and its promoter Ajay Singh to deposit Rs 144.51 crore in a decade-old arbitration dispute with former promoter Kalanithi Maran and KAL Airways. The court imposed Rs 1 lakh in costs for prolonging litigation and emphasized compliance with prior orders. SpiceJet cited financial stress due to sector challenges but was urged to adhere to the deposit timeline amid ongoing legal proceedings.