New Delhi, March 18 -- The Delhi High Court on Wednesday granted budget airline SpiceJet a final opportunity to deposit Rs.144.5 crore within four weeks in its ongoing arbitration dispute with Kalanithi Maran and KAL Airways Pvt. Ltd.

The order tightens compliance pressure on the airline after multiple rounds of litigation, with courts rejecting attempts to defer cash payment despite liquidity concerns.

Justice Subramonium Prasad rejected SpiceJet's plea seeking modification of the January order, under which the airline had proposed furnishing an immovable property worth about Rs.148 crore as security instead of making the cash deposit.

The judge indicated that the plea could have been rejected outright but was heard at length given br...