HC rejects SpiceJet’s plea for more time to deposit ₹144.5 cr in Maran dispute

The Delhi High Court on Tuesday dismissed SpiceJet’s plea seeking more time to deposit ₹144.51 crore in its dispute with Kalanithi Maran and KAL Airways.A bench of Justice Vinod Kumar said that repeated extensions could not be granted, as the airline had failed to honour its undertaking to deposit ₹50 crore within 45 days, as part of its commitment to pay the outstanding amount in instalments.The court observed that it could have considered allowing the airline to furnish property documents…