SC lets SpiceJet seek HC relief on Rs.144.5 crore deposit amid bailout plea
New Delhi, May 19 -- In a relief to budget carrier SpiceJet, the Supreme Court on Tuesday allowed the airline to approach the Delhi High Court again for reconsideration of its plea against the Rs.144.5 crore deposit order in its long-running arbitration dispute with Kalanithi Maran and KAL Airways.
The relief came after the airline warned that it could shut down if forced to make an immediate payment without the proposed Rs.5,000 crore government support package for airlines.
A bench of Justice P.S. Narasimha and Justice Alok Aradhe asked the Delhi High Court to consider subsequent developments, including the Centre's support measures and proposed relief package for airlines affected by the West Asia crisis.
Referring to the government...
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इस लेख के रीप्रिंट को खरीदने या इस प्रकाशन का पूरा फ़ीड प्राप्त करने के लिए, कृपया
हमे संपर्क करें.