SpiceJet vs Kalanithi Maran case: SC upholds Delhi HC's decision, directs reconsideration of arbitral award

In a significant relief to SpiceJet, the Supreme Court upheld a Delhi High Court division bench's decision to remand a 2018 arbitration case involving a share transfer dispute back to its single judge. The Court criticized the single judge for not applying his mind in the case between SpiceJet and its former promoter Kalanithi Maran. Previously, the single judge supported an arbitral award requiring SpiceJet and Chairman Ajay Singh to refund Rs 579 crore with interest to Maran. However, the division bench later remanded the dispute for fresh consideration. SpiceJet welcomed the Supreme Court's decision, viewing it as a vindication.