Delhi High Court Rejects SpiceJet's Land Offer in Share Transfer Dispute

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The Delhi High Court has rejected SpiceJet's proposal to settle a longstanding dispute by offering a piece of land. The case involves a share transfer disagreement between the airline's former promoter, Kalanithi Maran, and its current owner, Ajay Singh. The court dismissed the offer, stating the original share transfer agreement did not provide for such an alternative payment method. The ruling requires SpiceJet to adhere to the original terms, which mandate a cash payment for the disputed shares.

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