The Delhi High Court recently heard SpiceJet's appeal against a ruling mandating the airline to deposit ₹144 crore (approximately $17.3 million USD) in its ongoing arbitration dispute with Kalanithi Maran and KAL Airways. Senior advocate Mukul Rohatgi, representing SpiceJet, informed the court about a potential sovereign backing from the Indian government under an 'Emergency Credit Line Guarantee Scheme' due to the West Asia crisis. He emphasized that this support could be confirmed soon and that the airline is exploring various avenues to secure funding, including selling assets. However, Jayant Mehta, representing Maran and KAL Airways, argued that SpiceJet's claims of financial distress were an attempt to delay enforcement of the court's order, which has been pending for years. The dispute dates back to a 2015 share transfer agreement, and the court is weighing the implications of enforcing the deposit on the airline's operational viability. SpiceJet has expressed concerns that compliance could exacerbate its financial difficulties, while the Marans insist on enforcing the award to protect their interests.