India, Oct. 13 -- The Delhi high court on Tuesday dismissed an application filed by Budget airline SpiceJet seeking an extension to deposit the first Rs.50-crore instalment towards the Rs.144.5 crore owed to Kalanithi Maran and KAL Airways Pvt. Ltd. in their long-running legal dispute and extend the timeline for depositing the subsequent tranche of Rs.94.15 crore by 45 days.

A bench of justice Vinod Kumar noted that following high court's March 18 order asking SpiceJet and its promoter to pay Rs.144 crore, the airline on July 13 had undertaken to deposit Rs.50 crore within 45 days, making August 27 the deadline for the first instalment and the remaining Rs.95 crore within 90 days. However, even Rs.50 crore had not been deposited. The ben...