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HC asks SpiceJet to deposit Rs 243 cr in share transfer row with K Maran
The Delhi High Court on Monday requested money-strapped airline SpiceJet to deposit in six weeks an extra Rs 243 crore in connection with a share-transfer dispute with ex-promoter Kalanithi Maran, operator of Sun group. Maran has the appropriate to find position quo on SpiceJet’s shareholding if the volume is not deposited in the deadline, indicating the company won’t be ready raise new cash from the sector by means of issuance of fresh shares or stake sale. The volume is the interest payable on Rs 579 crore, which the court in 2017 had requested SpiceJet to deposit as section of the share transfer dispute. SpiceJet had deposited the complete volume by…