SpiceJet denies ex-owner Maran’s breach of contract charge
Ajay Singh led SpiceJet has denied breaching a share purchase agreement with the airline’s former owner Kalanithi Maran and his KAL Airways. Earlier, Maran sought ₹2,000 crore in compensation for SpiceJet’s alleged failure to issue warrants, for ₹690 crore infused by him. SpiceJet said that it repeatedly tried to get approval from regulators to issue warrants, but was reportedly denied.