India, March 2 -- SpiceJet on Sunday said it has taken note of the Supreme Court's order declining to interfere with the earlier directive requiring the airline to deposit Rs 144 crore as security, pending the hearing of its claims. The company stated that it is reviewing the order and will comply with all directions issued by the court.
The airline clarified that the development will have no impact on its day-to-day operations.
The dispute stems from a share transfer agreement involving SpiceJet, its promoter Ajay Singh, KAL Airways and Kalanithi Maran. According to the company, it has already paid a total of Rs 730 crore to Kalanithi Maran and KAL Airways — comprising Rs 580 crore towards the principal amount and Rs 150 crore as i...