Informative

SpiceJet-KAL Air case: Supreme Court junks Kalanithi Maran plea, slams HC judge's "atrocious" ruling

Update / Judgement Date

28 Jul 2024

Source

Bar and Bench

Author

Team — WCP Legal Desk

Reading Time

1 min read

Appeal Against OrderCorporate Law & GovernanceOther Legal Matters

The Supreme Court dismissed Kalanithi Maran's plea, upholding the Delhi High Court Division Bench's decision to overturn a single-judge order directing SpiceJet to refund ₹270 crores to Maran. The court criticized the single judge's 250-page ruling for lacking proper application of mind. The dispute originated from a 2015 deal where Maran sold his SpiceJet stake to Ajay Singh but claimed he didn't receive agreed warrants or money. The matter will be reheard by a different judge as per the Supreme Court's instructions.

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SpiceJet-KAL Air case: Supreme Court junks Kalanithi Maran plea, slams HC judge's "atrocious" ruling

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