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SpiceJet Tells Delhi High Court It Is "Struggling To Stay Afloat"
Indian budget airline SpiceJet told a court on Thursday it was "struggling to stay afloat", as it was ordered to make a payment to its former owner over money owed.
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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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Delhi High Court Order On SpiceJet-Maran Share Transfer Row Tomorrow
The Delhi High Court is likely to pronounce tomorrow its verdict on the pleas of budget carrier SpiceJet and its co-founder Ajay Singh against a single judge order directing it to deposit Rs 579 crore in connection with a share transfer dispute with previous owner Kalanithi Maran.
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Home Ministry Conducting Background Check of New Owner of SpiceJet: Sources
Security agencies are conducting a background checking of new owner of SpiceJet, Ajay Singh, after he infused a fund of Rs 500 crore in the beleaguered air carrier and announced plans to invest Rs 1,500 crore.
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SpiceJet Tells Delhi High Court It Is "Struggling To Stay Afloat"
Indian budget airline SpiceJet told a court on Thursday it was "struggling to stay afloat", as it was ordered to make a payment to its former owner over money owed.
-
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.
-
Delhi High Court Order On SpiceJet-Maran Share Transfer Row Tomorrow
The Delhi High Court is likely to pronounce tomorrow its verdict on the pleas of budget carrier SpiceJet and its co-founder Ajay Singh against a single judge order directing it to deposit Rs 579 crore in connection with a share transfer dispute with previous owner Kalanithi Maran.
-
Home Ministry Conducting Background Check of New Owner of SpiceJet: Sources
Security agencies are conducting a background checking of new owner of SpiceJet, Ajay Singh, after he infused a fund of Rs 500 crore in the beleaguered air carrier and announced plans to invest Rs 1,500 crore.
