KAL Airways is seeking compensation from SpiceJet

28 May 2024 CW Team

In the ongoing dispute between the two parties, KAL Airways and Kalanithi Maran announced that they will challenge the recent Delhi High Court ruling and demand more than Rs 13.23 billion in damages from SpiceJet and its CEO, Ajay Singh. On May 17, a division bench of the court overturned a single judge bench ruling that had maintained an arbitral award demanding that Maran receive a repayment of Rs 5.79 billion plus interest from SpiceJet and its promoter, Ajay Singh.

The panel granted Singh and SpiceJet's appeals against the July 31, 2023, judgement of the single judge and returned the case to that court so that the petitions contesting the arbitral award may be considered again.

In the ongoing legal battle between the two sides, KAL Airways and Kalanithi Maran said that they will appeal the latest Delhi High Court decision and seek damages from SpiceJet and its CEO, Ajay Singh, totaling more than Rs 13.23 billion. A division bench of the court rejected a single judge bench order on May 17, overturning the arbitral verdict that demanded that SpiceJet and its entrepreneur, Ajay Singh, refund Maran Rs 5.79 billion plus interest. The panel upheld Singh and SpiceJet's appeals against the single judge's July 31, 2023, ruling and remanded the matter to that court for further consideration of the petitions challenging the arbitral award. The decree holders want to obtain a fair and just settlement to the acrimonious issue by pursuing both the appeal of the Delhi High Court ruling and the damages claim, according to the statement. SpiceJet's betrayal of trust gave rise to the dispute, which has caused "enormous hardship to both KAL Airways and Kalanithi Maran for more than a decade," according to the statement. The statement claims that they would seek the implementation of the arbitral award and a reimbursement of the outstanding payments, which total Rs 3.53 billion.

Infrastructure Urban

07 Oct 2025

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..