India, Feb. 28 -- The Supreme Court on Friday junked a plea filed by SpiceJet Limited and its chairman, Ajay Singh, challenging an order by the Delhi High Court to deposit Rs 144.5 crore in the arbitration dispute with Kalanithi Maran and KAL Airways Pvt Ltd. A bench of Justices PS Narasimha and Alok Aradhe upheld the January 19 order of the High Court and also imposed costs of Rs 1 lakh on Ajay Singh for pursuing the litigation endlessly.

Reacting on the order, SpiceJet said it has taken note of the order and the company is examining the order and will comply with all court directions.

"SpiceJet would like to assure all stakeholders that this development has no impact on its day-to-day operations. The matter arises from a share transfe...