Archive · 23 Jul 2025
SpiceJet Shares Surge After Supreme Court Dismisses Damages Claim
Imagine two groups, Maran and SpiceJet, had a fight about money a long time ago.
Maran claimed SpiceJet owed them money from a deal.
They went to court, but the court sided with SpiceJet.
Maran kept trying to get the money, but the Supreme Court finally said no.
This means SpiceJet doesn't have to pay the money.
Because of this, SpiceJet's stock went up a bit.
SpiceJet is still having money problems, but this helps them.
Supreme Court dismissed Maran and KAL Airways' plea against SpiceJet.
The court upheld the Delhi High Court's decision rejecting the ₹1,323 crore damages claim.
The dispute originated from a failed share transfer deal in 2015.
SpiceJet shares rose 6% in intra-day trading after the verdict.
The ruling offers legal relief to the financially stressed airline.
- Who
- The Supreme Court, SpiceJet, Kalanithi Maran, and KAL Airways.
- What
- Supreme Court dismissed a damages claim against SpiceJet.
- When
- July 23, 2025, the Supreme Court dismissed the plea.
- Where
- The Supreme Court upheld the Delhi High Court's decision.
- Why
- The court rejected the damages claim related to a share transfer deal.
KAL Airways/Maran
SpiceJet
Damages Claim
KAL Airways/Maran
Sought damages from SpiceJet over a failed share transfer deal and convertible warrants.
SpiceJet
The Supreme Court sided with SpiceJet.
- Damages Claim Amount
- ₹1,323 crore
- Share Transfer Date
- 2015
- SpiceJet's Net Worth (March 2025)
- ₹683 crore
- Stock High (September 2024)
- ₹79.90
- Intra-day Stock Increase
- 6%
- SpiceJet Stock Price
- ₹40.42