New Delhi, May 19 (IANS) The Supreme Court on Tuesday allowed beleaguered low-cost airline SpiceJet and its Chairman Ajay Singh to approach the Delhi High Court for modification of a direction requiring a cash deposit of Rs. 144.51 crore in its long-running arbitration dispute with Kalanithi Maran and Kal Airways Private Limited. A bench of Justices P.S. Narasimha and Alok Aradhe disposed of the special leave petition (SLP) filed by SpiceJet and Ajay Singh, permitting them to approach the Delhi …
Latest Arbitration and Conciliation Act News & Updates
New Delhi, April 22 (IANS) The Delhi High Court recently granted interim relief to Amazon Prime Video and restrained Mohanlal’s production house, Aashirvad Cinemas, from entering into any agreement with third parties for the creation or exploitation of over-the-top (OTT) rights in the “Drishyam” film franchise. While hearing a petition filed by Amazon Seller Services Pvt Ltd under the Arbitration and Conciliation Act, a single-judge Bench of Justice Harish Vaidyanathan Shankar held tha…