The Delhi High Court has directed SpiceJet to pay the entire arbitral award of Rs. The Apex Court in the said order had directed SpiceJet to pay an amount of Rs.75 crore to Maran within a period of three months, towards its interest liability, pending the disposal of the petition under Section 34 of the Arbitration and Conciliation Act, 1996. …
Hyderabad: The state government’s flagship Strategic Road Development Plan could grind to a halt as the corporation is running out of money. An official said the corporation had utilised Rs 380 crore which was raised through municipal bonds, with the government standing security, to build skyways, grade separators and rotaries. Under the SRDP, the corporation has to construct seven skyways, …
