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SC to consider plea for mediation to settle disputes between SpiceJet and Kalanithi Maran

The top court was hearing SpiceJet's appeal against the November 2, 2020 order of the Delhi high court, asking the airline to deposit around Rs 243 crore as interest in connection with the share transfer dispute with its former promoter

August 17, 2022 / 10:36 IST
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The Supreme Court on August 16 said that it would consider a joint request for mediation of SpiceJet and its former promoter Kalanithi Maran to settle their share transfer dispute amicably.

The low-cost he airline and Maran informed the top court on Tuesday that certain issues have been settled by the parties, while some unresolved issues required more time to arrive at a settlement. The parties, through their counsels, proposed referring the issue to mediation.

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The bench headed by Chief Justice of India NV Ramana said that it will consider the request for mediation reference and adjourned the hearing for a period of five weeks giving the parties time to continue with their talks for settlement.

"We will see," said the bench when Maran's request for referring the case to Hyderabad Mediation Centre was backed by SpiceJet also.