Ajay Singh

The elections were initially scheduled for March 28 but were repeatedly stalled due to a series of petitions, appeals and counter-appeals.

Supreme Court upholds Delhi HC's relief to SpiceJet over Kalanithi Maran's Rs 1,300 crore claim against the airline

Maran-owned KAL Airways had moved apex court seeking to challenge Delhi High Court’s order that had dismissed claim for damages against SpiceJet over a share transfer dispute.

SpiceJet shares jump 6% after airline announces fresh infusion of Rs 294 crore by promoter group

SpiceJet CEO Ajay Singh will dispose up to 3.15 crore equity shares of the company to help Spice Healthcare partially fund the allotment of equity shares through the conversion of warrants.

MC Interview | SpiceJet turnaround on track, 70% of claims with lessors and vendors resolved: Ajay Singh

Chairman and managing director shares with Moneycontrol in an exclusive interview that the troubled airline’s turnaround plan is making steady progress with support from stakeholders and customers

SpiceJet shares rise as airline clears all GST dues after raising Rs 3k cr via QIP

On September 26, the airline had said it cleared pending salary dues worth Rs 80 crore; the QIP attracted a diverse range of top-tier institutional investors and funds

SpiceJet shares rise 10% to hit seven-month high on revival hopes

The budget carrier is working out a plan to revive business and unground more planes, as well as attract investors to infuse funds into the airline.

Carlyle to write off $40 million in SpiceJet arrears, convert dues into cargo arm debentures

SpiceJet said it has managed to significantly pare down debt, as Carlyle Aviation will write off $40.17 million in lease arrears in total.

Delhi HC warns SpiceJet of contempt if it doesn't return engines to lessor by July 8

The order was passed in an application filed by SpiceJet seeking extension of time to till July 8 return the engines to the lessor as the airline could not find alternatives. The airline was earlier directed by the court to return them by June 16.

Relief for SpiceJet: Delhi HC quashes order upholding arbitral award in favour of Kalanithi Maran

The order was passed by a bench of justices Yashwant Varma and Ravinder Dudeja against a single judge's order that had affirmed the validity of an arbitral award in Kalanithi Maran's favour

SpiceJet's Ajay Singh, Busy Bee raise bid for Go First to Rs 1,800 crore

The Ajay Singh-Nishant Pitti consortium has also proposed to increase its upfront payment to around Rs 500 crore, from around Rs 290 crore earlier, said a source.

Go First bidders propose conditional payments

Two bids have been submitted for Go First - one from a consortium led by SpiceJet chief Ajay Singh and Nishant Pitti from Busy Bee Airways, and the second from Sharjah-based Sky One

Singh-Pitti consortium unveils Rs 1,600 crore rescue plan to revive Go First

The consortium has put forth a proposal that includes the acquisition of Go First for Rs 1,000 crore backed by collateral and a corporate guarantee

Delhi HC directs SpiceJet to pay $2 million to lessors by February 29

On January 29, the HC asked SpiceJet to pay $4 million by February 15. However, the airline paid only $2 million by the deadline citing financial constraints and urged an extension till February 29.

You've money to buy Go First but not to pay Credit Suisse: SC to SpiceJet's Ajay Singh

The court has directed SpiceJet to pay $1.25 million to Credit Suisse by March 15, in addition to the monthly instalments. Singh has been asked to be in the court on the next date of hearing

SpiceJet raises Rs 744 crore in 1st tranche of capital infusion

The airlines said its Board of Directors, in a meeting on January 25, approved the allotment of 5.55 crore equity shares on a preferential basis to 54 subscribers.

SpiceJet has exclusive rights for Lakshadweep, will launch flights to Agatti Island soon: Ajay Singh

Ajay Singh's statement comes amid searches related to Lakshadweep shooting up, following Prime Minister Narendra Modi's to the island region last week.

Maran vs SpiceJet: Delhi HC defers hearing to February, Ajay Singh to remain present in court

The hearing was put off on the request of SpiceJet. The court, however, has insisted that chairman and managing director Ajay Singh be present on the next date of hearing

SpiceJet up nearly 3% as promoter explores fundraising from global private credit funds

Currently, SpiceJet promoters led by Singh, who is also the Chairman and Managing director of the airline hold 56.5 percent stake in the company of which 37.9 percent is pledged with various lenders.

Uttarakhand tunnel rescue, Adani stocks surge, Bengaluru circular rail: Top 5 headlines today

From the Uttarakhand tunnel rescue efforts reaching a breakthrough 17 days after 41 workers were trapped inside to shares of all ten Adani group listed firms going up, check out the top stories of the day.

Exclusive: Spicejet promoter Ajay Singh in talks with credit funds to raise $100 million

Several global funds are in discussions and talks are currently focussed around the pricing of the loan, which is likely to be structured credit transaction, sources aware of the ongoing negotiations told Moneycontrol on condition of anonimity

Maran Vs SpiceJet: Delhi HC summons airline CMD Ajay Singh for 2nd time in 3 months

Maran has also rejected SpiceJet's offer to give equity shares of the company in lieu of their dues

Delhi HC defers SpiceJet chief's bail plea as lawyers say settlement terms being finalised

A Delhi businessman, and his family, alleged that Singh did not give him the shares despite entering into a share purchase agreement for 10 lakh shares, for a consideration of Rs 10 lakh. High Court is likely to hear the case on October 19

Supreme Court asks SpiceJet to pay $1 million to Credit Suisse for 6 months

The court also directed SpiceJet CMD Ajay Singh to be present personally in court for the next hearing on October 20

SpiceJet chief Ajay Singh settles share purchase dispute with complainant

The lawyers for Singh and the complainant told the Delhi High Court that they were finalising the terms of the settlement agreement and would place the same before the court in the first week of October. The court has accordingly adjourned the case to October 4.

Delhi High Court directs SpiceJet, Ajay Singh to clear Maran's due by tomorrow

The court had on August 24 directed Singh and SpiceJet to pay Rs 100 crore to Maran by September 10