SpiceJet has told a court that it is “struggling to stay afloat” as it faces a payment to its former owner. SpiceJet lost an arbitration case in 2018 and was ordered to pay $70 million plus interest. The former owner, Kalanithi Maran, claims he is still owed $48 million. SpiceJet offered to deposit $9.08 million within 10 days, but the judge ordered the airline to pay $12 million by Sept. 10.
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