Spicejet owner kalanithi maran

SpiceJet on Friday moved a division bench of the Delhi high court seeking damages from Sun Group chairman Kalanithi Maran alleging a breach of contract by the latter, spicejet owner kalanithi maran. It also sought to overturn a single bench order in July that upheld the validity of an arbitration award in favour of the Marans. The single bench is hearing the execution of the arbitral award and is yet to decide on the payment schedule by the airline to Maran.

Curated By: Mohammad Haris. New Delhi, India. Spicejet Vs Kalanithi Maran. The Court also stated that they would grant an expedited hearing in the matter. The development comes a day after Spicejet and its promoter Ajay Singh approached the Delhi High Court challenging a single-judge order upholding an arbitral award asking them to refund Rs crore plus interest to media baron Kalanithi Maran. The appeals came up before a division bench of Justices Yashwant Varma and Dharmesh Sharma which initially listed it for hearing on September 15 as the counsel for Spicejet and Singh were not present.

Spicejet owner kalanithi maran

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The remaining amount of Rs crore is reserved with the company in cash against which a bank guarantee has been given. Home Latest News. CNBC Awaaz. CNBC Bajar. Market Live. Mind Matters.

Spicejet owner kalanithi maran

Curated By: Mohammad Haris. New Delhi, India. Spicejet Vs Kalanithi Maran. The Court also stated that they would grant an expedited hearing in the matter.

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Changing hands one more time, SpiceJet has earned a place in Indian corporate history. Though the story is still being scripted, the first few chapters could well prompt best-selling business fiction. In the 21 years since it flew in its first avatar, ModiLuft, four sets of promoters have brought in fresh capital and new ideas- each trying and make a success of it.

Archived from the original on 19 December Ajay Singh had approached the high court challenging the arbitral award. Murasoli Maran father. You are just one step away from creating your watchlist! Elections Continue reading with one of these options:. Milestone Alert! Download as PDF Printable version. Retrieved 29 June No crypto or token: Will Web3 association Blockniti be any different from its predecessors?