New Delhi, Oct. 13 -- The Delhi High Court on Tuesday dismissed SpiceJet's plea seeking more time to deposit Rs.144.51 crore in its dispute with Kalanithi Maran and KAL Airways.

A bench of Justice Vinod Kumar said that repeated extensions could not be granted, as the airline had failed to honour its undertaking to deposit Rs.50 crore within 45 days, as part of its commitment to pay the outstanding amount in instalments.

The court observed that it could have considered allowing the airline to furnish property documents as security for the outstanding amount had it deposited the initial Rs.50 crore as promised.

"This court would have taken a lenient view in respect of time limit of second instalment, had petitioner complied with their ow...