06-11-2020
In a relief for low-cost carrier SpiceJet, the Supreme Court on November 6 stayed an earlier Delhi High Court order asking the airline to submit Rs 243 crore to former promoter Kalanithi Maran, according to a CNBC-TV18 report.
The Apex Court has also sought a response from Maran and asked for a reply to be filed within four weeks.
The development comes after Maran had moved the Delhi High Court on October 22, seeking attachment of SpiceJet promoter Ajay Singh's shareholding after the airline failed to deposit Rs 243 crore in favor of the Sun Group Chairman.
