The Delhi High Court has reserved its order on SpiceJet and its promoter Ajay Singh's request to review a previous ruling requiring them to deposit ₹144 crore in a legal dispute with Kalanithi Maran, a prominent media baron. This order was initially issued on January 19, 2023, in connection with an admitted liability of ₹194 crore. SpiceJet has argued that it is facing financial distress, exacerbated by the ongoing conflict in West Asia, and has offered a commercial property in Gurugram as collateral instead of cash. Senior advocate Mukul Rohatgi, representing SpiceJet, emphasized that shutting down the airline would not serve public interest and that security can be provided in various forms, not solely cash. In contrast, Maran's legal team contended that the issues of financial distress had already been addressed and dismissed by the Supreme Court. The dispute traces back to February 2015, when Maran transferred his 58.46% stake in SpiceJet to Singh for a mere ₹2 amid the airline's financial crisis. In May 2024, the High Court had previously overturned a single judge's ruling that upheld an arbitral award requiring SpiceJet to refund ₹579 crore plus interest to Maran.