• SENSEX
    NIFTY 50
VIDEOS
India

Kalanithi Maran moves Delhi HC seeking status quo on Ajay Singh's stake in SpiceJet

Updated : October 22, 2020 05:16 PM IST

Kalanithi Maran has moved the Delhi High Court seeking status quo on the shareholding of SpiceJet promoter Ajay Singh. This comes after SpiceJet failed to pay Rs 243 crore to Maran in accordance with the court's order last month.

A status quo on shareholding might hurt the airline's IPO plans for its cargo unit. On the other hand, SpiceJet has moved the Supreme Court challenging the Delhi High Court's order that directed it to pay the amount to Maran.

Ashmit Kumar gets the latest developments on implications of the case as the tussle has now reached Supreme Court.

To know more, watch the videos.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV

recommended for you

Advertisement