SpiceJet Share Price Jumps 4% After Delhi High Court Rejects ₹1300 Crore Damages Claim

Market Movement

On Monday, the SpiceJet share price surged over 4% intraday, reacting positively to a significant legal relief. The stock:

• Opened at ₹44.10 on the BSE
• Climbed to an intraday high of ₹45.78
• Registered a 4.45% gain from its previous close of ₹43.83

This movement in the SpiceJet share price followed a favorable court ruling, boosting investor sentiment.

Significant Legal Relief: Damages Claim Dismissed

In a key development, SpiceJet Ltd. informed the Bombay Stock Exchange (BSE) that the Delhi High Court Division Bench had rejected a damages appeal filed by KAL Airways and Kalanithi Maran.

Key Highlights:

• The appeal was seeking damages exceeding ₹1300 Crore
• The Division Bench order was dated May 23, 2025
• This decision reinforces earlier verdicts by:
  • Arbitral Tribunal
  • Single-Judge Bench of Delhi High Court

SpiceJet clarified that the claims had already been thoroughly evaluated and dismissed by a panel of three retired Supreme Court judges during arbitration. The dismissal of this high-stake appeal brings a significant legal respite for the airline.

Company Update: Aircraft Ungrounding

Alongside the legal win, SpiceJet has made progress in strengthening its fleet.

On May 7, 2025, the company announced the successful ungrounding of a Boeing 737 NG aircraft. The specific aircraft, registered as VT-SGV, was reintroduced into the operating fleet as of May 9, 2025.

This marks a step forward in SpiceJet's ongoing fleet reactivation efforts to improve operational capacity.

Company Profile

SpiceJet is a prominent Indian low-cost airline known for domestic and short-haul international routes. The company frequently features in market headlines due to its:

• Legal battles
• Fleet management updates
• Stock performance trends

Summary

The SpiceJet share price reacted strongly to a favorable ruling by the Delhi High Court, which dismissed a substantial damages claim worth over ₹1300 Crore. The legal outcome and fleet expansion efforts contributed to the 4.45% intraday rise in the SpiceJet share price on the BSE.

As the airline continues to stabilize its operations, legal clarity and fleet enhancement will likely keep SpiceJet in the spotlight.