The Delhi high court has ruled that SpiceJet and its promoter Ajay Singh cannot avoid complying with a March 18 direction to deposit ₹144.5 crore as part of an ongoing arbitration dispute with Kalanithi Maran and KAL Airways by filing a review petition.
Justice Subramonium Prasad stated that the review application is not a means to evade the order, saying, 'You have to comply with the order.'
The court made this ruling after Singh's lawyer informed the court that SpiceJet and Singh had filed two review petitions against the March 18 order.
The dispute between SpiceJet and Kalanithi Maran and KAL Airways dates back to 2015, when Singh took over SpiceJet from Maran and KAL Airways.
The court had directed SpiceJet to deposit ₹144.5 crore within four weeks, rejecting the airline's plea to substitute the amount with an immovable property in Gurugram.
