Kalanithi Maran

'All the legal notices issued by the family member to the promoter have been unconditionally and irrevocably withdrawn by the said family member and the issues hereby stand resolved,' says Sun TV in a stock exchange filing

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.

Sources say Tamil Nadu Chief Minister MK Stalin and Deputy Chief Minister Udayanidhi Stalin have brokered a peace deal between Sun TV group’s Kalanithi Maran and his brother Dayanidhi Maran.

The notice also alleges that the 2003 allotment of shares to Kalanithi Maran were done at face value of Rs 10 each although fair value of the said shares was anywhere between Rs 2,500 and Rs 3,000 at that time.

Sun TV's clarification came a day after Moneycontrol exclusively reported on the feud between its chairman Kalanithi Maran and his younger brother Dayanidhi Maran

Kalanithi has an estimated net worth of about Rs 30,289 crore, according to reports. His wealth primarily stems from his vast media empire, including television, radio, and film production, alongside his foray into sports ownership.

DMK MP and former Union Minister Dayanidhi Maran sent a legal notice to his brother Kalanithi Maran, alleging that he engaged in “fraudulent practices,” including “cheating and money laundering."

The strongly worded legal notice, dated 10th June, 2025, threatens to initiate civil, criminal, regulatory and enforcement proceedings against Sun TV chairman Kalanithi Maran and seven other respondents, unless they restore the shareholding of the media company to its original state in 2003.This is the second legal notice after one sent in October 2024.

In a regulatory filing, the airline said KAL Airways and Kalanithi Maran initially sought damages of more than Rs 1,300 crore during the arbitration proceedings.

A bench led by Chief Justice of India DY Chandrachud said the division bench of the high court was justified in sending the case back for reconsideration as the single judge 'had not applied his mind at all.'

A division bench had on May 17 asked a single judge to hear the case afresh after it turned down an order in favour on Maran

KAL Airways and Kalanithi Maran have said they will seek over Rs 1,323 crore in damages from SpiceJet and its chief, Ajay Singh

KAL Airways and Kalanithi Maran announced on May 27 that they will seek more than Rs 1,323 crore in damages from SpiceJet and its chief Ajay Singh

The case dates back to early 2015, when Singh, who owned the airline earlier, bought it back from Maran after it was grounded for months due to resource crunch.

On May 17, the Division Bench of the Delhi HC ruled in favour of SpiceJet and its promoter, Ajay Singh, in the long-standing share transfer case against former promoter Kalanithi Maran and his firm, KAL Airways.

The court has not gone into the merits of the arbitral award but ruled that the single judge needs to rehear the case.

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

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

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

SpiceJet's lawyer told the court that the success of this case is very important for the airline.