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Delhi HC Rejects SpiceJet's Plea To Attach Director's Property Instead Of Depositing Rs 144 Crores

The court directed the airline and its managing director to pay the said deposit within four weeks.

SpiceJet's Plea to attach property Edited by
Delhi HC Rejects SpiceJet's Plea To Attach Director's Property Instead Of Depositing Rs 144 Crores

Delhi HC Rejects SpiceJet's Plea To Attach Director's Property Instead Of Depositing Rs 144 Crores

New Delhi: The Delhi High Court has rejected a petition filed by airline SpiceJet and its managing director, Ajay Singh, seeking to attach a Gurugram property belonging to the director  instead of requiring the airline to deposit Rs 144 crores in connection with an arbitration dispute with Kalanithi Maran and KAL Airways Pvt Ltd.

The court directed the airline and its managing director to pay the said deposit within four weeks.

Read Also: SpiceJet Troubles Mount: 10 Points On “Enhanced Surveillance”, Unpaid Dues And Crew On Furlough

Read Also: Spice Jet Ordered To Pay Up Credit Suisse, Supreme Court Warns Of Drastic Step

 

Topics
ajay singh Attaching property Depositing Rs 144 Crores Managing Director SpiceJet's Petition SpiceJet's Plea SpiceJet's Plea to attach property

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