Kal Airways Private Limited vs Spicejet Limited & Anr on 14 March, 2016

2. When these petitions were listed on 11th March, 2016, Mr.Kapil Sibal,
learned Senior counsel appearing on behalf of the petitioner in O.M.P. (I)
(COMM.) No.72/2016 had informed the Court that the petitioner Mr.Kalanithi
Maran has issued the ‘General Lien Letter’ dated 24th February, 2015 to the
Chief Manager, City Union Bank Limited, Mandaveli Branch, Chennai-
600028, requesting him to take delivery of the deposit of Rs.100 crores duly
discharged in favour of the said Bank and hold the same as security for the
credit facilities sanctioned up to an overall limit of Rs.100 crores. The
submissions of the petitioner are controverted by the learned Senior counsel
appearing on behalf of the respondents.

Source: Indian Kanoon

Leave a Reply

*