SpiceJet has strongly refuted the claims made by KAL Airways and Kalanithi Maran regarding seeking damages of Rs 1323 crore. These assertions are not only legally untenable but also a regurgitation of previously rejected claims by the Arbitral Tribunal and then the Delhi High Court, SpiceJet said in a statement.
Further, in the statement, the airlines company clarified the following facts:
Repeated Rejection of Damages Claim: KAL Airways and Kalanithi Maran initially sought damages of more than Rs 1300 crore during the arbitration proceedings. This claim was thoroughly examined and subsequently rejected by a panel of three retired Supreme Court judges.
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Following this, KAL Airways and Kalanithi Maran appealed to the Single-Judge Bench of the Delhi High Court, seeking the same amount in damages, which was again rejected by the court.
Notably, SpieceJet added, they chose not to pursue any appeal before the appellate jurisdiction and consequently, the matter attained finality. This matter is devoid of any merit and appears to be an endeavour to sensationalise the issue and mislead the public, it said.
The Division Bench of the Delhi High Court on May 17, 2024, ruled in favour of SpiceJet and Ajay Singh. Earlier last week, SpiceJet had 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. However, KAL Airways has countered the same saying that since the division bench has not passed any direction regarding refund on the money already paid, any such claim does not arise.
The case dates back to early 2015, when Singh, who owned the airline earlier, bought it back from Maran after it was grounded for months due to resource crunch.
From: financialexpress
Financial News
