Maran, his company KAL Airways as well SpiceJet and Ajay Singh then filed petitions before the High Court against the arbitral tribunal’s order.
On July 31, 2023, Justice Chandra Dhari Singh ordered Spicejet to refund the money to Maran and held that the low-cost carrier failed to prove that the tribunal’s order suffered from any illegality.
“There is nothing in the impugned Award to suggest that it suffers from patent illegality and the findings therein are perverse and will shock the conscience of this Court. In the instant case, the petitioners have not been able to prove that the impugned Arbitral Award is patently illegal, against public policy of India or fundamental policy of law and thus have failed to make out a case for the award to be set aside,” the Court said.
Justice Singh also rejected Maran’s plea against the same arbitral tribunal order denying his prayers for restitution of his 58.46% shareholding in SpiceJet and his claim for damages.
SpiceJet then filed the present appeal before the Division Bench which allowed the same and set aside the single-judge order.
Source: Barandbench
