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SpiceJet's Sharp Response After KAL Airways Seeks Rs 1,323 Crore In Damages
In an escalation of the ongoing dispute, SpiceJet on Tuesday said the claims made by KAL Airways and Kalanithi Maran for more than Rs 1,323 crore in damages are baseless and legally untenable.
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Kalanithi Maran, KAL Airways To Seek Rs 1,323 Crore In Damages From SpiceJet, Its Chief
KAL Airways and Kalanithi Maran on Monday said they will seek more than Rs 1,323 crore in damages from SpiceJet and its chief Ajay Singh as well as challenge the recent Delhi High Court order in the ongoing dispute between the two sides.
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SpiceJet Pays Rs 100 Crore To Kal Airways, Kalanithi Maran
SpiceJet, in a statement on Tuesday, confirmed that it has completed the payment of Rs 100 crore to Kal Airways Private Limited.
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SpiceJet Pays Rs 100 Crore To Kal Airways After Court Order
SpiceJet has completed the payment of Rs 100 crore to Kal Airways Private Limited, the airline confirmed in a statement today.
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No Court Relief For SpiceJet Over 578 Crore Payment To Kalanidhi Maran, Kal Airways
In a jolt to low-cost airlines SpiceJet, the Supreme Court on Friday refused to extend the time for making payment to media baron Kalanidhi Maran and his Kal Airways in pursuance of an arbitral award of Rs 578 crore.
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High Court Orders SpiceJet To Pay Rs 75 Crore To Kalanidhi Maran, Kal Airways
The Delhi High Court has directed SpiceJet to deposit "forthwith" Rs 75 crore that has to be paid to media baron Kalanidhi Maran and his Kal Airways towards interest on an arbitral award of Rs 578 crore.
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Supreme Court Tells SpiceJet To Pay Rs 270 Crore Dues To Previous Owner
The Supreme Court on Monday said the bank guarantee of Rs 270 crore of SpiceJet must be encashed immediately and the money be paid to media baron Kalanithi Maran and his Kal Airways towards dues from the arbitral award of Rs 578 crore.
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Supreme Court Asks SpiceJet To Pay Rs 579 Crore To Previous Owner Kalanithi Maran
SpiceJet had earlier said that the change of ownership was effected as a rehabilitative measure to address the liability of Rs 2,000 crore incurred by the airline when it was under the management of Kalanithi Maran.
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Court Asks SpiceJet, Kalanithi Maran To Resolve Dispute By Arbitration
SpiceJet was on Friday directed to deposit Rs 579 crore in 12 months before the Delhi High Court which asked the airline and Sun Group chief Kalanithi Maran along with his Kal Airways to appoint an arbitral tribunal to decide the share transfer dispute between them in a year.
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Court Paves Way for Warrants Issue in SpiceJet to Kalanithi Maran
The Delhi High Court on Tuesday passed an interim order paving the way for issuance of stock warrants in SpiceJet to Kalanithi Maran and his Kal Airways Pvt Ltd (KAL) saying there was no impediment before stock exchange BSE in considering their joint representation seeking approval of the warrant issue.
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Order on Share Transfer Dispute of SpiceJet, Maran Kept Pending by Court
The Delhi High Court on Monday kept its order pending on a plea of Sun group head Kalanithi Maran seeking issuance of stock warrants in SpiceJet to him and his Kal Airways Pvt Ltd (KAL) as per a sale purchase agreement which led to change in ownership of the airline.
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Court Asks SpiceJet to Grant Warrants to Maran, Shares Tank
SpiceJet shares plunged over 10 per cent today following the Delhi High Court's order on Friday asking the budget carrier to pass a board resolution for issuing stock warrants to the airline's former owner Sun group Managing Director Kalanithi Maran and his KAL Airways.
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Delhi High Court Asks SpiceJet To Issue Stock Warrants to Kalanithi Maran
Delhi High Court on Friday asked budget airline SpiceJet to pass a board resolution for issuing stock warrants to Sun Group Managing Director Kalanithi Maran and his Kal Airways Pvt Ltd as per a sale purchase agreement of 2015 which led to change in ownership of the carrier.
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SpiceJet Shareholders Approve Ajay Singh's Appointment as MD
Low cost carrier SpiceJet has received shareholders' approval for the appointment of Ajay Singh as its managing director.
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SpiceJet Seeks Shareholders' Nod for Ajay Singh's Appointment as MD
Besides, the low cost airline has sought approval from the shareholders for adopting a new set of Articles of Association and for alteration of registered office clause of Memorandum of Association.
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SpiceJet's Sharp Response After KAL Airways Seeks Rs 1,323 Crore In Damages
In an escalation of the ongoing dispute, SpiceJet on Tuesday said the claims made by KAL Airways and Kalanithi Maran for more than Rs 1,323 crore in damages are baseless and legally untenable.
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Kalanithi Maran, KAL Airways To Seek Rs 1,323 Crore In Damages From SpiceJet, Its Chief
KAL Airways and Kalanithi Maran on Monday said they will seek more than Rs 1,323 crore in damages from SpiceJet and its chief Ajay Singh as well as challenge the recent Delhi High Court order in the ongoing dispute between the two sides.
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SpiceJet Pays Rs 100 Crore To Kal Airways, Kalanithi Maran
SpiceJet, in a statement on Tuesday, confirmed that it has completed the payment of Rs 100 crore to Kal Airways Private Limited.
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SpiceJet Pays Rs 100 Crore To Kal Airways After Court Order
SpiceJet has completed the payment of Rs 100 crore to Kal Airways Private Limited, the airline confirmed in a statement today.
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No Court Relief For SpiceJet Over 578 Crore Payment To Kalanidhi Maran, Kal Airways
In a jolt to low-cost airlines SpiceJet, the Supreme Court on Friday refused to extend the time for making payment to media baron Kalanidhi Maran and his Kal Airways in pursuance of an arbitral award of Rs 578 crore.
-
High Court Orders SpiceJet To Pay Rs 75 Crore To Kalanidhi Maran, Kal Airways
The Delhi High Court has directed SpiceJet to deposit "forthwith" Rs 75 crore that has to be paid to media baron Kalanidhi Maran and his Kal Airways towards interest on an arbitral award of Rs 578 crore.
-
Supreme Court Tells SpiceJet To Pay Rs 270 Crore Dues To Previous Owner
The Supreme Court on Monday said the bank guarantee of Rs 270 crore of SpiceJet must be encashed immediately and the money be paid to media baron Kalanithi Maran and his Kal Airways towards dues from the arbitral award of Rs 578 crore.
-
Supreme Court Asks SpiceJet To Pay Rs 579 Crore To Previous Owner Kalanithi Maran
SpiceJet had earlier said that the change of ownership was effected as a rehabilitative measure to address the liability of Rs 2,000 crore incurred by the airline when it was under the management of Kalanithi Maran.
-
Court Asks SpiceJet, Kalanithi Maran To Resolve Dispute By Arbitration
SpiceJet was on Friday directed to deposit Rs 579 crore in 12 months before the Delhi High Court which asked the airline and Sun Group chief Kalanithi Maran along with his Kal Airways to appoint an arbitral tribunal to decide the share transfer dispute between them in a year.
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Court Paves Way for Warrants Issue in SpiceJet to Kalanithi Maran
The Delhi High Court on Tuesday passed an interim order paving the way for issuance of stock warrants in SpiceJet to Kalanithi Maran and his Kal Airways Pvt Ltd (KAL) saying there was no impediment before stock exchange BSE in considering their joint representation seeking approval of the warrant issue.
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Order on Share Transfer Dispute of SpiceJet, Maran Kept Pending by Court
The Delhi High Court on Monday kept its order pending on a plea of Sun group head Kalanithi Maran seeking issuance of stock warrants in SpiceJet to him and his Kal Airways Pvt Ltd (KAL) as per a sale purchase agreement which led to change in ownership of the airline.
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Court Asks SpiceJet to Grant Warrants to Maran, Shares Tank
SpiceJet shares plunged over 10 per cent today following the Delhi High Court's order on Friday asking the budget carrier to pass a board resolution for issuing stock warrants to the airline's former owner Sun group Managing Director Kalanithi Maran and his KAL Airways.
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Delhi High Court Asks SpiceJet To Issue Stock Warrants to Kalanithi Maran
Delhi High Court on Friday asked budget airline SpiceJet to pass a board resolution for issuing stock warrants to Sun Group Managing Director Kalanithi Maran and his Kal Airways Pvt Ltd as per a sale purchase agreement of 2015 which led to change in ownership of the carrier.
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SpiceJet Shareholders Approve Ajay Singh's Appointment as MD
Low cost carrier SpiceJet has received shareholders' approval for the appointment of Ajay Singh as its managing director.
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SpiceJet Seeks Shareholders' Nod for Ajay Singh's Appointment as MD
Besides, the low cost airline has sought approval from the shareholders for adopting a new set of Articles of Association and for alteration of registered office clause of Memorandum of Association.
