Spicejet Ltd — Updates, 24-07-2025: Company Update

SpiceJet announced that the Supreme Court has dismissed the appeal filed by KAL Airways and Kalanithi Maran. This appeal sought damages exceeding Rs. 1300 crore and other claims, which had been previously rejected by multiple courts. This Supreme Court order represents the final dismissal of these appeals, resolving a significant legal challenge for the company. The only remaining matters are SpiceJet's appeal regarding interest levied (which it has largely deposited) and the premature refund of CRPS. This outcome removes a large potential liability, benefiting shareholders.