SpiceJet warns HC of 'collapse' over Rs.144 crore payout
new delhi, April 14 -- SpiceJet told the Delhi high court it could "collapse" if forced to immediately deposit Rs.144.5 crore in its long-running dispute with Kalanithi Maran and KAL Airways Pvt Ltd, citing disruptions caused by the West Asia conflict and rising aviation turbine fuel prices.
Appearing for the airline, senior advocate Mukul Rohatgi told the bench of Justice Subramonium Prasad on Monday that SpiceJet's operations and cash flows have been severely impacted, particularly due to restrictions on flights to the Gulf.
"The entire business is held up. I am the smallest of the big three airlines. If my accounts are attached for non-deposit, the entire system will collapse-at least I will collapse," Rohatgi told the court, seeking tim...
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