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Shri Ram Mandir to make large economic impact as India gets a new tourist spot which could attract 50 million plus tourists a year
Economy

Shri Ram Mandir to attract 5 crore tourists every year: Jeffries...

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Jeffries report says Ayodhya Ram Mandir to transform UP into India's pilgrimage, tourism hub The grand Shri Ram Mandir in Ayodhya is expected to have a...
Delhi HC has asked low-cost airline SpiceJet’s Managing Director Ajay Singh to appear before it in Jan in proceedings relating to a dispute over interest dues on arbitral award
Law and Order

Rs.570 cr dispute with Maran family: Delhi HC asks SpiceJet MD...

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In an arbitral award dispute, HC asks SpiceJet MD Ajay Singh to appear on January 10 The Delhi High Court has asked low-cost airline SpiceJet's...
SpiceJet Ltd said it has paid $1.5 million to Credit Suisse in compliance with the Supreme Court of India order
Law and Order

After Supreme Court warning, SpiceJet pays $1.5 mn to Credit Suisse

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SpiceJet completes payment of $1.5 million to Credit Suisse SpiceJet on Friday said that it has complied with the Supreme Court's directive by transferring $1.5...
Court warns Ajay Singh that it may attach the airline's assets if the payment is not made by September 10
Law and Order

Delhi HC orders SpiceJet, Ajay Singh to pay Rs.100 cr to...

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SpiceJet tells Delhi HC it is "struggling to stay afloat" On Thursday, the Delhi High Court ordered SpiceJet and its Chairman and Managing Director (CMD)...
SC did not accept the vehement submissions of senior advocate Mukul Rohatgi, appearing for SpiceJet, and refused to the extend the time, saying the entire award has now become executable
Law and Order

Execution of Rs.578 cr arbitral award: SC refuses to extend time...

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Apex Court dismisses SpiceJet's plea seeking extension to pay dues to Maran, Kal Airways In a jolt to low-cost airlines SpiceJet, the Supreme Court on...
Since SpiceJet had failed to pay Rs.75 cr, the Delhi HC observed in the order on May 29 that there was no alternative except to call upon the airline to deposit the entire outstanding amount along with interest
Law and Order

Delhi High Court orders SpiceJet to pay Rs.380 crore to Kalanithi...

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Delhi High Court issues a ruling against SpiceJet; instructs it to pay Rs.380 cr to its former promoter, Kalanithi Maran In a setback for SpiceJet,...
Sale of SpiceJet in 2014 was reminiscent of how NDTV got sold to Ambani. Was this too a quid-pro-quo?
Law and Order

Encash bank guarantee, pay Rs.270 cr to Kalanithi Maran: SC to...

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SpiceJet gets three months Rs.75 cr to Maran, Kal Airways towards the interest component The Supreme Court on Monday said the bank guarantee of Rs.270...
The Swiss firm had filed a plea in the High Court against the airline for non-payment of over $24 million towards maintenance, repairing, and overhauling of aircraft engines and components in 2013
Law and Order

Days after the mediation process with the Maran family, SpiceJet and...

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SpiceJet-Credit Suisse financial dispute settled, inform SC The cash-strapped airline SpiceJet and Swiss firm Credit Suisse AG Thursday told the Supreme Court about the resolution...
On Nov 7, 2020, the apex court stayed the Delhi High Court order asking SpiceJet to deposit around Rs 243 crore as interest in connection with the share transfer dispute
Law and Order

SC to consider plea for mediation to settle disputes between SpiceJet...

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SC to contemplate mediation plea to settle SpiceJet & Maran dispute The Supreme Court on Tuesday said it would consider a joint request for mediation...
In an action against SpiceJet, where eight incidents have happened in 18 days, the Directorate General of Civil Aviation has now issued a show-cause notice to the airline
Laws

DGCA show-cause to SpiceJet after series of malfunctions, CMD Ajay Singh...

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DGCA raps SpiceJet over safety concerns after 8 multiple flight malfunctions in 18 days India’s aviation regulator, the Directorate General of Civil Aviation (DGCA) issued...
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