SpiceJet Seeks Delhi HC Extension To Pay ₹50 Crore In Kal Airways Dispute
New Delhi: SpiceJet and its promoter Ajay Singh on Monday urged the Delhi High Court to grant more time to deposit Rs 50 crore with the court registry in connection with a legal dispute with media baron Kalanithi Maran and Kal Airways. Justice Subramonium Prasad, before whom the application came up for hearing, listed it for September 21, the date when the main matter is already fixed. SpiceJet’s…
SpiceJet has petitioned the Delhi High Court to grant an extension of four weeks to deposit Rs 50 crore in connection with a legal dispute with media mogul Kalanithi Maran and Kal Airways. The court previously scheduled the application for September 21, the same date the main matter is already set. SpiceJet's legal team argued that the airline received the first tranche of emergency credit support from the Central government in June but is still awaiting the second tranche.
Senior advocate Mukul Rohatgi represented SpiceJet, stating that the company expects the second tranche from the government but it has not arrived yet. The judge acknowledged the situation, listing the application for September 21. In July, SpiceJet had promised to deposit Rs 50 crore within 45 days and the remaining Rs 94.50 crore within 90 days.
However, the airline is now asking for an additional 45-day extension for the second tranche beyond the extended deadline.
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