SC refuses to stay ₹144.5 crore deposit order against SpiceJet, imposes ₹1 lakh in costs for prolonging litigation

The Supreme Court has declined to stay a previous order requiring SpiceJet to deposit ₹144.5 crore. This decision comes as a setback for the airline, which had sought relief from the financial obligation. The court's ruling emphasizes the importance of adhering to judicial orders, especially in cases involving substantial monetary disputes. In addition to upholding the deposit order, the Supreme Court has imposed a ₹1 lakh fine on SpiceJet for unnecessarily prolonging the litigation process. The penalty serves as a warning to deter parties from engaging in tactics that delay judicial proceedings. The court's firm stance underscores its commitment to ensuring timely justice and accountability. SpiceJet's legal troubles highlight the challenges faced by airlines in the current economic climate. As the company navigates this financial hurdle, the aviation industry will be watching closely to see how it manages its obligations and maintains operational stability. The ruling reinforces the judiciary's role in mediating corporate disputes and ensuring compliance with legal directives.

— Authored by Next24 Live