HC asks SpiceJet to deposit ₹144 cr to Maran

The Delhi high court on Wednesday directed budget airline SpiceJet to deposit ₹144.5 crore within four weeks to Kalanithi Maran and KAL Airways Pvt Ltd in their ongoing arbitration dispute, while rejecting the airline's plea to substitute the amount with an immovable property in Gurgaon.

- Shruti Kakkar

“Dismissed. I am extending the time by four more weeks to deposit the money. Sell the property in four weeks,” a bench of justice Subramonium Prasad said. The court passed the order while hearing SpiceJet’s application, which sought modification of the HC’s January 19 order and requested permission to substitute the deposit with an immovable proper