NEW DELHI: The Delhi excessive courtroom has requested SpiceJet MD Ajay Singh to look earlier than it in January in proceedings regarding a dispute over curiosity dues on arbitral award of over Rs 570 crore handed in favour of the airline’s former promoter Kalanithi Maran.
HC’s route got here after Maran’s lawyer stated that whereas SpiceJet needed to pay Rs 440 crore to them in the direction of curiosity arising out of dues from an arbitral award, it had paid solely Rs 100 crore.SpiceJet’s advocate argued the due in line with them is simply Rs 194 crore. The lawyer added that SpiceJet has been struggling to maintain itself afloat and that pushing the corporate to pay in money can be detrimental to all events concerned. TNN & companies
