Archive · 23 Jul 2025
Supreme Court Rejects KAL Airways and Maran's Plea Against SpiceJet
KAL Airways and Kalanithi Maran, former owners of SpiceJet, wanted over 1,300 crore rupees from the airline in court.
They claimed SpiceJet did not issue them shares as agreed.
The Supreme Court said no, agreeing with an earlier court decision.
The court said they took too long to file their case.
This all goes back to when the airline was bought back in 2015 and a disagreement over shares.
Supreme Court dismissed KAL Airways and Kalanithi Maran's plea against SpiceJet.
The plea sought damages exceeding Rs 1,300 crore in a share transfer dispute.
The Delhi High Court's order, which dismissed the plea due to delay, was upheld.
The case involves a dispute over convertible warrants and preference shares.
The case dates back to 2015 when Ajay Singh bought SpiceJet back from Maran.
- Who
- KAL Airways and Kalanithi Maran, and SpiceJet, along with Ajay Singh.
- What
- The Supreme Court dismissed a plea from KAL Airways and Kalanithi Maran seeking damages from SpiceJet.
- When
- The Supreme Court made the decision on Wednesday (July 23)
- Where
- The case is in the Supreme Court and Delhi High Court.
- Why
- The plea was dismissed due to a delay in filing and re-filing their appeals.
KAL Airways/Maran
SpiceJet/Delhi High Court/Supreme Court
Financial Dispute
KAL Airways/Maran
Sought damages of over Rs 1,300 crore from SpiceJet.
SpiceJet/Delhi High Court/Supreme Court
The Supreme Court upheld the Delhi High Court’s order dismissing their plea on grounds of delay.
- Parties Involved
- KAL Airways, Kalanithi Maran, SpiceJet, Ajay Singh
- Case Outcome
- Plea dismissed by Supreme Court
- Damages Sought
- Over Rs 1,300 crore
- Dispute Type
- Share transfer dispute
- Previous Court Decision
- Delhi High Court's order of May 23 dismissed their plea on grounds of delay