Supreme Court Refuses To Grant An Extension To Spicejet To Make The Payment | Latest News

SpiceJet vs Kalanithi Maran Arbitration - After failure to pay Rs 75 cr, Supreme Court directs for the entire arbitral amount to be paid by Spicejet Airline to K. Maran K. Maran is claiming the outstanding arbitral award dues of Rs. 380 cr from Spicejet In a major setback, the Supreme Court refuses to grant an extension to Spicejet to make the payment. Apex Court reprimands airline for failing to pay 75cr to Maran as per earlier order. Supreme Court observes that if orders are not complied with, consequences must follow, that’s the only way to ensure “commercial morality“. SC slams Spicejet for indulging in “luxury litigation“. #spicejet #latestnews #englishnews Subscribe To ET Now For Latest Updates On Stocks, Business News, Trading | To Stay Updated Download the Times Now App :- Android Google Play : Apple App Store : Social Media Links :- Twitter - Facebook - G - Website - Subscribe Now To Our Network Channels:- Times Now: Mirror Now: Pushed via Slike