SC Rejects SpiceJet Plea, Orders ₹144.5 Cr Deposit To Maran

The Supreme Court dismissed SpiceJet Ltd. and chairman Ajay Singh’s plea challenging the Delhi High Court’s January 19 order to deposit ₹144.5 crore in the arbitration dispute with Kalanithi Maran and KAL Airways. The bench fined Singh ₹1 lakh, noting repeated litigation. The case originates from a 2015 deal when SpiceJet faced severe financial distress.