SpiceJet Pays Rs100 Crore To Kal Airways

New Delhi: SpiceJet has completed the payment of Rs 100 crore to Kalanithi Maran’s Kal Airways Private Limited as per the direction of the Delhi High Court, the airline confirmed in a statement on Tuesday. While a payment of Rs  77.5 crore had been made to Kal Airways till September 11, the remaining Rs 22.5 crore was paid on Tuesday.

While hearing a plea moved by Kal Airways stating that the order passed by the Court was not being complied with, the Delhi High Court on Monday directed Spicejet and its chairman and managing director (CMD), Ajay Singh, to make an RTGS transfer before 4 pm on Tuesday. They had only paid Rs 62.5 crore to Kal Airways and Kalanithi Maran on September 8 and the amount of Rs 37.5 crore was still remaining, stated the Senior Advocate who appeared for Kal Airways.

Earlier, the Delhi High Court had ordered Spicejet to pay Rs 100 Crore by September 10.


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