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Kalanithi Maran, KAL Airways to seek over Rs 1,323 crore in damages from SpiceJet, Ajay Singh

By Business Today - 6 months ago
On May 17, a division bench of the Delhi High Court overturned a single judge bench's decision, which had upheld an arbitral award requiring SpiceJet and Singh to refund Rs 579 crore plus interest to Maran. Maran and KAL Airways are also seeking the execution of the arbitral award to secure a refund of Rs 353.50 crore in pending dues.

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