Team Blitz India
NEW DELHI: KAL Airways and Kalanithi Maran said on May 27 that they will seek more than Rs 1,323 crore in damages from SpiceJet and its chief Ajay Singh as well as challenge the recent Delhi High Court order in the ongoing dispute between the two sides.
On May 17, a division Bench of the court set aside a single judge Bench order that had upheld an arbitral award asking SpiceJet and its promoter Ajay Singh to refund Rs 579 crore plus interest to Maran.
The Bench allowed the appeals filed by Ajay Singh and SpiceJet challenging the single judge’s order, passed on July 31, 2023, and remanded the matter back to the court concerned to consider the petitions challenging the arbitral award afresh.
Against this backdrop, Maran and his firm KAL Airways have decided to challenge the ruling after consultation with their legal counsel.
