Lawstreet Journal

Relief to SpiceJet as SC Stays Order demanding Deposition of Rs. 243 Crores

Lawstreet Journal 10 Nov 2020 12:31am

Image courtesy: Lawstreet Journal Business Relief to SpiceJet as SC Stays Order demanding Deposition of Rs. 243 Crores

In a share transfer dispute, the High Court has asked SpiceJet and its promoter, Ajay Singh, to deposit around Rs 243 crores as interest payable on Rs 579 crores. 

Aggrieved with this order of the High Court, SpiceJet appealed to the apex court for setting aside such order of payment.

The Supreme Court comprising of Justices A S Bopanna and V Ramasubramanium and headed by Chief Justice of India Sharad Arvind Bobde passed an interim order and stayed the order of Delhi High Court on November 9, 2020 and gave relief to SpiceJet in the matter.

Continue Reading...

Tagged: Airlines  
Disclaimer: SoOLEGAL in Media collaboration with Lawstreet Journal. SoOLEGAL take no responsbility for the content provided by Lawstreet Journal. For any discrepancies Contact Lawstreet Journal.
Did you find this write up useful? YES 0 NO 0
×

C2RMTo Know More

Something Awesome Is In The Work

0

DAYS

0

HOURS

0

MINUTES

0

SECONDS

Sign-up and we will notify you of our launch.
We’ll also give some discount for your effort :)

* We won’t use your email for spam, just to notify you of our launch.
×

SAARTHTo Know More

Launching Soon : SAARTH, your complete client, case, practise & document management SAAS application with direct client chat feature.

If you want to know more give us a Call at :+91 98109 29455 or Mail info@soolegal.com