In a petition filed by SpiceJet Limited (SpiceJet) before the Supreme Court against a judgment and order dated 18-03-2026 by the Delhi High Court, a Bench comprising Justice Pamidighantam Sri Narasimha and Justice Alok Aradhe permitted SpiceJet to approach the Delhi High Court in view of certain policy decisions regarding the Emergency Credit Line Guarantee offered.
By the impugned order, the Delhi High Court dismissed SpiceJet’s applications seeking modification of an order directing the deposit of approximately Rs. 144 crores, holding that financial difficulty could not be invoked as a ground for non-compliance after the Supreme Court had rejected the contention. However, the High Court granted SpiceJet an additional four weeks to arrange funds.
The Court stated that it was not inclined to interfere with the High Court’s judgment and permitted SpiceJet to approach the Delhi High Court after it noted subsequent developments where the policy decision related to Emergency Credit Line Guarantee had been offered to SpiceJet. It was stated that the request may be considered by the High Court, given the listing of the petition filed under Section 34 of the Arbitration and Conciliation Act, 1996, for final disposal on 18-07-2026.
Thus, the petition was disposed of.
Appearances:
For Petitioners – Mr. Mukul Rohatagi (Sr. Adv), Mr. Amit Sibal (Sr. Adv), Mr. K.R. Sasiprabhu (AOR), Mr. Yasharath Misra, Mr. Darpan Sachdeva, Mr. Vishnu Sharma As, Mr. Vinayak Maini, Mrs. Vidhatri Deoli
For Respondents – Mr. Jayant Mehta (Sr. Adv), Ms. Nandini Gore, Ms. Sonia Nigam, Mr. Akarsh Sharma, Mr. Arjun Singh Gautam, Ms. Mansvini Jain, M/S Karanjwala & Co. (AOR)
