New Delhi: Delhi High Court has asked spicejet MD Ajay Singh He will have to appear before it in January in the proceedings related to the dispute over interest dues on the arbitral award of over Rs 570 crore passed in favor of the airline’s former promoter Kalanithi Maran.
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The HC direction came after Maran’s lawyer said that SpiceJet was supposed to pay him Rs 440 crore as interest outstanding from the arbitral award, but it had paid only Rs 100 crore. SpiceJet’s counsel argued that according to him the dues were only Rs 194 crore. , The lawyer said SpiceJet is struggling to stay afloat and forcing the company to pay in cash would be detrimental to all parties. TNN and agencies
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