New Delhi, Feb. 27 -- The Supreme Court is set to hear SpiceJet's plea on Friday seeking relief from a Delhi High Court order, dated 19 January, directing it to deposit Rs.144.51 crore, the latest escalation in a decade-long dispute with former promoter Kalanithi Maran and KAL Airways Pvt. Ltd.

The case concerns enforcement of payment obligations arising from a 2018 arbitral award linked to the airline's 2015 ownership transfer. The latest order has intensified legal and financial pressure on the budget carrier, which has challenged the deposit direction before the top court.

Here is a breakdown of the dispute, the prolonged court battle, and what is at stake.

The case traces back to January 2015, when Maran and KAL Airways transferred...