SpiceJet informs the Delhi High Court that it will pay ₹140 crore in connection with an arbitration dispute involving KAL Airways. The development follows court proceedings before Justice Subramonium Prasad, where the airline assures the court regarding the payment in the arbitration matter. Multiple reports state that the agreed figure is ₹140 crore, and that the assurance is made as part of the legal process tied to the arbitral dispute. The available coverage does not provide additional details on the underlying claims, the timeline of the arbitration award, or whether the payment is conditional on any further court or tribunal steps. The reports also do not specify the payment schedule or whether SpiceJet seeks any further relief alongside the undertaking. Overall, the key point across sources is that SpiceJet gives the Delhi High Court an undertaking to pay ₹140 crore related to the KAL Airways arbitration dispute, with the matter being heard by Justice Subramonium Prasad.
SpiceJet agrees to pay ₹140 crore in KAL Airways arbitration dispute
SpiceJet informs the Delhi High Court that it will pay ₹140 crore in connection with an arbitration dispute involving KAL Airways. The development follows court proceedings before Justice Subramonium...
2 sources
14 hours ago
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Key Points
- SpiceJet assures the Delhi High Court it will pay ₹140 crore in the KAL Airways arbitration dispute.
- The matter is heard by Justice Subramonium Prasad.
- The reported amount agreed/undertaken for payment is ₹140 crore.
- The updates relate to an ongoing legal process following an arbitration outcome.
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SpiceJet assures Delhi HC to pay ₹140 cr in KAL Airways arbitration dispute
The matter was heard by Justice Subramonium Prasad
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