The Delhi High Court on Friday quashed its July 31, 2023 order upholding an arbitral award asking SpiceJet and its promoter Ajay Singh to refund ₹579 crore plus interest to media baron Kalanithi Maran.
The court passed the order on appeals filed by Mr. Singh and SpiceJet challenging the single judge Bench’s order. It remanded the matter back to the court concerned to consider the plea challenging the arbitral award afresh.
“The impugned judgment dated July 31, 2023 is hereby set aside. The Section 34 petitions shall in consequence stand restored upon the Board of the appropriate court for being considered afresh and bearing in mind the observations rendered hereinabove,” the Bench said.
