Archive · 23 Jul 2025
Supreme Court Dismisses ₹1,300 Cr Damages Plea Against SpiceJet
Imagine two groups fighting over money because of a past deal involving an airline.
One group, Kalanithi Maran and KAL Airways, wanted over 1,300 crore from SpiceJet, another group.
They went to court, but the court said no because they waited too long to file their case.
This case is about a share transfer from a long time ago.
Back in 2015, Ajay Singh bought the airline back from Maran.
Maran claimed SpiceJet didn't give him what was agreed upon when he gave them money to buy shares.
Now, the Supreme Court agrees that the lower court made the right decision.
Supreme Court dismissed a plea by KAL Airways and Kalanithi Maran against SpiceJet.
The plea sought damages exceeding Rs 1,300 crore related to a share transfer dispute.
The Delhi High Court's order, dismissing the plea due to delay, was upheld.
The dispute stems from a 2015 buyback deal involving share transfer arbitration.
The case dates back to 2015 when Ajay Singh bought back the airline from Maran.
- Who
- KAL Airways and Kalanithi Maran against SpiceJet.
- What
- The Supreme Court dismissed a plea for damages.
- When
- Wednesday, July 23, 2025, concerning an earlier dispute.
- Where
- The Supreme Court upheld the Delhi High Court's decision.
- Why
- Due to a delay in filing their appeal.
- Plaintiffs
- KAL Airways and Kalanithi Maran
- Defendant
- SpiceJet
- Damages Sought
- Over Rs 1,300 crore
- Court Ruling
- Plea dismissed
- Reason for Dismissal
- Delay in filing
- Related to
- Share transfer dispute
- Date of Dispute Origin
- Early 2015