The erstwhile promoters of the low-cost carrier SpiceJet, Kalanithi Maran and the current management led by Ajay Singh have decided to approach the Bombay Stock Exchange (BSE) and the market regulator, Securities and Exchanges Board of India (Sebi), to resolve the dispute related to the issuances of warrants to the former owners of the airline.
In a press statement, SpiceJet said, “In the matter of Kalanithi Maran vs Spicejet & Anr. and KAL Airways Private Limited vs Spicejet Limited & Anr, the Parties have agreed to jointly approach BSE/Sebi. Necessary board resolution will be passed authorising the joint representatives to represent the applications before BSE/Sebi.”
