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SpiceJet to seek Rs 450 cr refund from erstwhile promoter Maran following Delhi HC ruling

By Economic Times - 6 months ago
SpiceJet plans to reclaim Rs 450 crore from former promoter Kalanithi Maran and KAL Airways, following a Delhi High Court division bench ruling in its favor. The airline previously paid Rs 730 crore to Maran, including principal and interest. The decision overturns a previous order and highlights unresolved legal issues.

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