Delhi HC sets aside order upholding arbitral award in favour of Kalanithi Maran and against SpiceJet

The Delhi High Court on Friday overturned a ruling that upheld an arbitral award favoring Kalanithi Maran against SpiceJet. Maran sought a refund of Rs 579 crore with interest from SpiceJet in a share transfer dispute dating back to January 2015. Shares of SpiceJet surged 6.5% post the court's decision.
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