Archive · 24 Jul 2025
Supreme Court Sides With SpiceJet in KAL Airways Appeal
SpiceJet won a court case against its former owners, KAL Airways and Kalanithi Maran.
These former owners wanted over 1,300 crore rupees from SpiceJet.
The court has now said no to their request.
This dispute started a while ago when the airline changed owners.
The former owners claimed SpiceJet didn't give them shares as agreed, but the court didn't agree with them.
Now, SpiceJet is dealing with some smaller issues related to interest and money they had to return.
This news might make the company's stock go up or down.
Supreme Court dismissed KAL Airways and Kalanithi Maran's appeal against SpiceJet.
The appeal sought over Rs 1,300 crore in damages and other claims.
The case stems from a share transfer dispute dating back to 2015.
Maran and KAL Airways are former promoters of SpiceJet.
SpiceJet is appealing against the interest levied and the premature refund of CRPS amount.
- Who
- KAL Airways and Kalanithi Maran (former SpiceJet promoters) versus SpiceJet.
- What
- Supreme Court dismissed an appeal by KAL Airways and Kalanithi Maran against SpiceJet, related to a share transfer dispute.
- When
- The Supreme Court dismissed the appeal on Wednesday.
- Where
- In the Supreme Court.
- Why
- The appeal sought damages and other claims related to a share transfer dispute.
KAL Airways and Kalanithi Maran's Position
SpiceJet's Position
Damages Sought
KAL Airways and Kalanithi Maran's Position
KAL Airways and Kalanithi Maran sought damages and other claims.
SpiceJet's Position
SpiceJet argued against these claims.
- Parties Involved
- SpiceJet, KAL Airways, Kalanithi Maran
- Claimed Damages
- Over Rs 1,300 crore
- Court Decision
- Appeal dismissed
- Related to
- Share transfer dispute
- SpiceJet's appeal
- Regarding interest levied and premature refund of CRPS