SpiceJet denies ex-owner Maranâs breach of contract charge
Ajay Singh led SpiceJet has denied breaching a share purchase agreement with the airlineâs former owner Kalanithi Maran and his KAL Airways. Earlier, Maran sought â¹2,000 crore in compensation for SpiceJetâs alleged failure to issue warrants, for â¹690 crore infused by him. SpiceJet said that it repeatedly tried to get approval from regulators to issue warrants, but was reportedly denied.