Supreme Court Rejects SpiceJet's Appeal Against Rs 1.45 Billion Deposit Order in Maran Case
The Supreme Court has dismissed SpiceJet's appeal against the Madras High Court's order requiring a Rs 1.45 billion deposit in the Maran case. This legal setback means the airline must comply with the substantial deposit requirement, potentially impacting its financial position. The rejection represents a significant development in the ongoing legal proceedings involving the budget carrier.

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The Supreme Court has rejected SpiceJet 's request to challenge the Madras High Court's ruling requiring the airline to deposit Rs 1.45 billion in the ongoing Maran case. This decision represents a significant legal setback for the budget carrier, which had sought relief from the substantial deposit requirement.
Court Decision Details
The apex court's dismissal means SpiceJet must comply with the original High Court order mandating the deposit of Rs 1.45 billion. The airline had approached the Supreme Court seeking to overturn or modify the Madras High Court's directive, but the petition was unsuccessful.
| Legal Parameter: | Details |
|---|---|
| Court: | Supreme Court of India |
| Case Type: | Appeal against High Court ruling |
| Deposit Amount: | Rs 1.45 billion |
| Original Court: | Madras High Court |
| Status: | Request rejected |
Financial Implications
The requirement to deposit Rs 1.45 billion poses a considerable financial challenge for SpiceJet, which has been navigating various operational and financial difficulties. The substantial amount represents a significant outflow that the airline must now arrange to comply with the court's directive.
Legal Proceedings Context
The case involves ongoing legal disputes related to the Maran matter, though specific details of the underlying litigation were not elaborated in the court's decision. The Madras High Court's original ruling had established the deposit requirement, which SpiceJet unsuccessfully challenged at the Supreme Court level.
With the Supreme Court's rejection of its appeal, SpiceJet must now focus on complying with the deposit order while continuing to address the broader legal proceedings in the Maran case.
Historical Stock Returns for Spicejet
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.13% | -4.46% | -29.81% | -56.01% | -64.04% | -80.56% |


































