SC asks Maran, KAL Airways to mull SpiceJet settlement offer on share spat

SpiceJet offers to pay Rs 600 cr cash in the share transfer case with former promoter Kalanithi Maran and his firm KAL Airways for a full and final settlement of all disputes

In what is likely to lead to a permanent solution to a long-drawn share dispute between SpiceJet's Ajay Singh and the airline's former promoter Kalanithi Maran, the Supreme Court on Thursday asked Maran and his KAL Airways to consider the new settlement offer by SpiceJet.

"SpiceJet has offered to pay Rs 600 crore in cash in the share transfer case with its former promoter Kalanithi Maran and his firm KAL Airways for a full and final settlement of all disputes," the airline said in a statement on Thursday. The offer was made during the hearing in the Supreme Court. The