Mumbai/New Delhi, April 16 -- Sun Group chairman Kalanithi Maran told the Delhi High Court on Thursday that SpiceJet owes over Rs.400 crore, including interest, in their long-running arbitration dispute-far higher than the Rs.144.5 crore figure cited by the cash-strapped airline.

Senior lawyer Jayant Mehta, who was representing KAL Airways, argued that "interest is not being calculated properly in their books. There is more than Rs.400 crore outstanding."

The court was hearing SpiceJet's petition seeking relief against the high court's earlier order directing it to deposit Rs.144.5 crore by April 14.

Senior lawyer Mukul Rohatgi, representing SpiceJet, said, "I am under financial stress due to the West Asia war and rising aviation turbi...