SpiceJet's extension plea rejected after Rs 50 crore deposit to Maran went unpaid
New Delhi, Oct. 13 -- SpiceJet's failure to deposit Rs 50 crore within the 45 days it had promised has cost it another reprieve. On Tuesday, the Delhi High Court dismissed the airline's plea for more time to deposit Rs 144.51 crore in its dispute with Kalanithi Maran and KAL Airways.
A bench of Justice Vinod Kumar held that SpiceJet could not keep seeking extensions after missing its own commitment.
The court said it might have been more accommodating had the airline kept its word, observing that it would have taken a lenient view of the timeline for the second instalment had the Rs 50 crore been deposited. In the circumstances, it said, repeated extensions could not be allowed.
The bench also rejected SpiceJet's offer to furnish docum...
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