New Delhi, Jul 23 (PTI) Shares of SpiceJet surged nearly 6 per cent on Wednesday after the Supreme Court dismissed a plea of KAL Airways and Kalanithi Maran seeking damages of over Rs 1,300 crore from the airline in a long-standing share transfer dispute.

The stock jumped 5.75 per cent to end at Rs 40.29 apiece on the BSE. During the day, it surged 7.19 per cent to Rs 40.84.

Also Read | Bodoland Lottery Result Today, July 23, 2025: Assam State Lottery Sambad Wednesday Lucky Draw Results Declared, Check Winners List With Ticket Numbers.

On the BSE, 682.78 lakh shares of the firm were traded during the day.

The Supreme Court on Wednesday dismissed a plea of KAL Airways and Kalanithi Maran seeking damages of over Rs 1,300 crore from SpiceJet in a long-standing share transfer dispute.

Also Read | Kolkata Fatafat Result Today, July 23, 2025: Kolkata FF Live Winning Numbers Released, Know When and Where To Check Result Chart of Satta Matka-Type Lottery Game.

A bench of Justices P S Narasimha and A S Chandurkar upheld the Delhi High Court's order of May 23 dismissing their plea on grounds of delay.

KAL Airways and Kalanithi Maran had initially sought damages of over Rs 1,300 crore during the arbitration proceedings.

Maran and KAL Airways were former promoters of SpiceJet.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)