Team Blitz India
NEW DELHI: Days after a division bench of theDelhi High Court ruled in favour of SpiceJet, the private carrier said on May 22 that it will seek a refund of Rs 450 crores from former promoter Kalanithi Maranand KAL Airways.
SpiceJet paid Rs 730 crore to Maran and his firm already. Out of this amount, Rs 580 crore is the principal amount, along with the interest component of Rs 150 crore.
However, after the Delhi HC’s Division Bench ruled in favour of the company, it will now seek a refund of Rs 450 crore, the company said in a stock exchange filing. “With the setting aside of the impugned order, SpiceJet is set to receive a refund of Rs 450 crore,” the Ajay Singh-led company said.
