Delhi High Court rejects SpiceJet's plea for extension of time to deposit ₹144 crore
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Summary
The Delhi High Court on Tuesday refused to entertain SpiceJet's plea seeking an extension of time to deposit the money it was ordered to pay in connection with a long-running arbitration dispute with Kalanithi Maran and KAL Airways.Justice Vinod Kumar also refused to accept managing director Ajay Singh's Gurgaon property as security since SpiceJet failed to deposit ₹50 crores with the Registrar General of the Court in accordance with an earlier order. "Had the petitioner [SpiceJet] deposited ₹50