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Supreme Court dismisses KAL Airways' plea against SpiceJet, upholding lower court's decision.
The Supreme Court dismissed a plea by KAL Airways and its promoter, Kalanithi Maran, seeking nearly ₹1,323 crore in damages from SpiceJet in a long-standing share transfer dispute.
The court upheld the Delhi High Court's decision, which dismissed their appeal due to delays in filings, labeling their conduct as a "calculated gamble."
This legal victory for SpiceJet follows years of disputes over shares and financial obligations between Maran and the airline's founder, Ajay Singh.
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El Tribunal Supremo rechaza la petición de KAL Airways contra SpiceJet, confirmando la decisión del tribunal inferior.