Kalanithi Maran

Court orders SpiceJet to deposit Rs 75 cr in drawn-out dispute over airline's acquisition

SpiceJet incurred net losses of Rs 316 crore, Rs 934 crore, Rs 998 crore and Rs 1,725 crore in FY19, FY20, FY21 and FY22, respectively

Businessman claims airline promoter committed breach of trust by not transferring shares

The Supreme Court said it would consider a joint request for mediation of low-cost airline SpiceJet and media baron Kalanithi Maran and his Kal Airways for amicably settling all pending disputes.

The senior counsel of KAL Airways said that Spicejet will have to pay them Rs 920 crore

SpiceJet offers to pay Rs 600 cr cash in the share transfer case with former promoter Kalanithi Maran and his firm KAL Airways for a full and final settlement of all disputes

The SC has stayed Delhi HC order asking SpiceJet to deposit around Rs 243 crore as interest in connection with a share transfer dispute with its former promoter Kalanithi Maran and his firm KAL Airway

The HC had directed SpiceJet to deposit the sum by six weeks, or 14 October

Seeks attachment of promoter Ajay Singh's shares; SpiceJet moves SC

Airline's net worth has eroded completely and it will find it deposit to deposit the amount in the deadline of 6 months.

From Delhi High Court asking SpiceJet to deposit Rs 243 cr, Vodafone Idea rebrands itself 2 years after merger to Maruti Suzuki posting 11% rise in August production, here are top news of the evening

The promoters had decided to keep their salaries at the current level three years ago.

Kaviya Kalanithi Maran is a B.Com graduate from Stella Maris College, Chennai, and had internship in various departments in Sun TV

Analysts claim by limiting their compensation, the couple would forgo Rs 350 million

By limiting the compensation, the couple would be foregoing around Rs 350 mn, based on an analyst's projections of Sun TV's profits for the current fiscal

Maran sold his 58.46 per cent stake in SpiceJet to Ajay Singh, its current chairman, for a nominal Rs 2 in 2015

Remuneration of media tycoon Kalanithi Maran and his wife Kavery Kalanithi has rose to Rs 77.93 crore each in 2016-17, an increase of around 10 per cent from 2015-16. This makes them the highest paid executives in the industry and one of the top in India Inc. The increase in remuneration was mainly due to increase in ex-gratia/ bonus, while the salary level continues to remain the same. Maran has also got dividend of Rs 295.56 crore.According to company's 2016-17 annual report, Maran and his wife drawn Rs 13.14 crore each, same like last year, while the company's CEO K Vijaykumar salary was Rs 0.97 crore in 2016-17 as against Rs 0.82 crore, last year.Maran and his wife ex-gratia/ bonus rose to Rs 64.79 crore each from Rs 58.33 crore, a year ago.The annual salary for India's richest man, Mukesh Ambani, remained at Rs 15 crore for the ninth consecutive year in 2016-2017. According to reports, this includes Rs 4.16 crore as salary, Rs 60 lakh in perquisites and allowances, Rs 71 lakh ...

The matter has been listed again on 27 May for further hearing by Delhi High Court

Maran had demanded that 180 million warrants redeemable as equity shares be transferred to him

Maran has alleged that despite giving around Rs 579 crore to Spicejet, the carrier failed to issue them stock warrants