Promoter of spicejet - Latest News Update, Information, Photos & Videos on Promoter of spicejet at Lokmat Times

New Delhi, April 6 The Delhi High Court on Wednesday reserved the order on the anticipatory bail plea by Ajay Singh, Managing Director, and Promoter of Spicejet, in a case of an alleged fraud related to the transfer of 10 lakh shares of the airline.After the submissions by the parties, the bench of Justice Anoop Kumar Mendiratta reserved the order, which will be pronounced on Thursday.Earlier, the trial court had denied bail to the accused as it will "affect the probe against him at this stage".Senior advocate Siddharth Luthra, appearing for Singh, argued that his client is cooperating in the probe and the FIR clearly amounts to an abuse of the criminal machinery to pre-maturely enforce a commercial contract.Vikas Pahwa, representing the complainant and businessman Sanjiv Nanda, strongly opposed the arguments of Luthra.As per the complaint, there was a share-purchase agreement between Nanda and Singh, and he paid Rs 10 lakh for 10 lakh shares of SpiceJet which, however, were not transferred by the latter.Later, Nanda approached the police and registered a complaint of cheating against Singh.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Pahalgam Terror Attack

Tahawwur Rana

IPL 2025

CM Devendra Fadnavis

Mumbai Local

Weather Update

Promoter Of SpicejetFOLLOW

Promoter of spicejet, Latest News

Politics :Ruckus at Patna airport as SpiceJet flight gets delayed

Patna, May 26 Agitated passengers created ruckus at the Patna airport after a SpiceJet flight was delayed, said ... ...

International :SpiceJet suspends Ahmedabad-Goa flight operations

New Delhi, May 12 Three days after lessors requested the aviation regulator, DGCA, to de-register three of the ... ...

International :Delhi HC reserves order on anticipatory bail of Spicejet promoter in fraud case

New Delhi, April 6 The Delhi High Court on Wednesday reserved the order on the anticipatory bail plea ... ...