SpiceJet Walks a Financial Tightrope — Rs. 50 Crore Missed, Court Watching
SpiceJet has failed to deposit the first instalment of Rs. 50 crore as mandated by the Delhi High Court, reigniting concerns about the airline's financial health and its ability to honour legal commitments in the long-running dispute with KAL Airways Pvt. Ltd. and former Sun TV chairman Kalanithi Maran.The missed deadline of August 27 has pushed the matter back into the spotlight, with the court now awaiting September 21 to examine SpiceJet's bona fides.How It Came to ThisThe payment obligation stems from the Delhi High Court's July 13 order, under which SpiceJet and its promoter Ajay Singh had undertaken to deposit Rs. 50 crore within 45 day...
