SpiceJet seeks 4-week extension to deposit Rs 50 crore in Maran dispute
India, Aug. 31 -- Cash-strapped SpiceJet and its promoter Ajay Singh on Monday, August 31, sought a four-week extension from the Delhi High Court to deposit Rs 50 crore with the court registry in connection with their long-running legal dispute with media baron Kalanithi Maran and Kal Airways.
Justice Subramonium Prasad, who heard the application, listed the matter for September 21, when the main case is already scheduled to come up.
Appearing for SpiceJet, senior advocate Mukul Rohatgi said the airline had received the first tranche of emergency credit support from the Central government in June, but the funds had been utilised for its operations.
He said the airline was expecting a second tranche of government support, which had not ...
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