38.6c New Delhi, India, Monday, April 15, 2024
Business

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

By Twinkle Agarwal      09 November, 2020 07:01 PM      0 Comments
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.



Share this article:



Leave a feedback about this
TRENDING NEWS

need-to-safeguard-judiciary-from-unwarranted-pressures-21-ex-judges-write-letter-to-cji
Trending Legal Insiders
Need to safeguard judiciary from unwarranted pressures: 21 ex-judges write letter to CJI

21 ex-judges write to CJI Chandrachud urging protection of judiciary from pressures undermining its integrity and autonomy.

15 April, 2024 12:17 PM
sc-notice-to-ed-declines-early-date-on-plea-by-delhi-cm-arvind-kejriwal-against-arrest
Trending Judiciary
SC notice to ED; declines early date on plea by Delhi CM Arvind Kejriwal against arrest

SC issues notice to ED, declines early hearing on Delhi CM Kejriwal's plea against arrest in liquor scam.

15 April, 2024 03:08 PM

TOP STORIES

location-sharing-of-accused-as-bail-condition-sc-directs-google-to-explain-how-its-pin-location-sharing-work
Trending Judiciary
Location sharing of accused as bail condition: SC directs Google to explain how its PIN location-sharing work

Supreme Court directs Google to explain its PIN location-sharing feature as bail condition for accused, raising privacy concerns. Details sought on technical aspects.

09 April, 2024 02:06 PM
cant-jail-everyone-for-making-allegations-against-cm-sc-tells-tamil-nadu-government
Trending Judiciary
'Can't jail everyone for making allegations against CM,' SC tells Tamil Nadu government

Supreme Court rebukes Tamil Nadu, saying not everyone making allegations against CM can be jailed; restores bail for YouTuber Sattai.

09 April, 2024 02:07 PM
hc-dismisses-kejriwals-plea-challenging-arrest-by-ed-in-liquor-policy-case
Trending Judiciary
HC dismisses Kejriwal's plea challenging arrest by ED in liquor policy case

Delhi High Court dismisses Arvind Kejriwal's plea challenging his arrest by ED in liquor policy case, ruling it legal. Kejriwal remains in Tihar jail pending Supreme Court relief.

09 April, 2024 05:22 PM
sc-allows-man-to-undergo-potency-test-as-wife-claims-marriage-not-consummated-more-than-7-years-of-alliance
Trending Judiciary
SC allows man to undergo potency test as wife claims marriage not consummated more than 7 years of alliance [Read Judgment]

Supreme Court permits potency test for husband in divorce case where wife alleges marriage unconsummated after 7+ years.

09 April, 2024 05:38 PM

ADVERTISEMENT


Join Group

Signup for Our Newsletter

Get Exclusive access to members only content by email