hc tells SPICEJET to pay former promoters sun group Rs.380cr
New Delhi, June 2 -- The Delhi high court has ordered low-fare airline SpiceJet to pay Rs.380 crore to its former promoter, Kalanithi Maran of the Sun Group, and asked it to submit an affidavit of assets within four weeks. The ruling is a setback to the airline, which surprised with a fourfold increase in earnings to Rs.106.8 crore in the December quarter, and comes amid a battle with aircraft lessors over payments. P12...
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