New Delhi, July 23 -- Shares of low-cost carrier SpiceJet soared 6 percent in intra-day trading on Wednesday, July 23, after the Supreme Court dismissed the special leave petitions filed by Kalanithi Maran and KAL Airways in a long-running legal dispute. The apex court upheld the Delhi High Court's decision to reject their Rs.1,323 crore damages claim against the airline, providing much-needed legal relief to the financially stressed carrier.

A Supreme Court bench comprising Justices Pamidighantam Sri Narasimha and Atul S Chandurkar dismissed the special leave petitions filed by KAL Airways and its promoter Kalanithi Maran, effectively closing the door on their efforts to seek damages from SpiceJet over a failed share transfer deal. "Bot...