SpiceJet To Seek Refund Of Rs 450 Cr From Kalanithi Maran After Delhi HC Ruling
SpiceJet has announced plans to seek a refund of Rs 450 crore from former promoter Kalanithi Maran and his firm, KAL Airways.
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SpiceJet has announced plans to seek a refund of Rs 450 crore from former promoter Kalanithi Maran and his firm, KAL Airways.
The Budget carrier, SpiceJet Limited on Wednesday announced through an exchange filing that the airline is planning to ask for a refund of Rs 450 crore from the Rs 730 crore it had paid to its former owner, Kalanithi Maran, and his company, KAL Airways. This decision by the airline come after a ruling by Delhi High Court on May 17.
The number of domestic air travelers in India grew 2.42 per cent year-on-year (Y-o-Y) in April, reaching 13.2 million, according to data by the Directorate General of Civil Aviation (DGCA) on Tuesday.
SpiceJet on Wednesday said it will seek a refund of Rs 450 crore out of the total Rs 730 crore paid to the airline's former promoter Kalanithi Maran and his firm KAL Airways following a Delhi High Court ruling.
Following the Delhi High Court ruling, SpiceJet has announced plans to seek a refund of Rs 450 crore from former promoter Kalanithi Maran and his firm, KAL Airways.