SpiceJet, a leading Indian low-cost airline based in Gurugram, Haryana, witnessed a 4.45% intraday surge in its share price on 26 May 2025. The spike followed the Delhi High Court Division Bench’s rejection of a damages appeal worth over ₹1,300 crore by KAL Airways and Kalanithi Maran. The court upheld earlier rulings by an arbitral tribunal and a single-judge bench dismissing the claims. SpiceJet also made headlines this month for reactivating another Boeing 737 NG aircraft, indicating operational momentum.
SpiceJet, a low-cost airline headquartered in Gurugram, Haryana, saw its share price climb by over 4% on the Bombay Stock Exchange (BSE) after a major legal win. The Delhi High Court Division Bench on May 23, 2025, rejected an appeal filed by KAL Airways and Kalanithi Maran seeking damages exceeding ₹1,300 crore.
According to a regulatory filing made by SpiceJet on 26 May 2025, the appeal had stemmed from previously dismissed arbitration claims. KAL Airways and its promoter Kalanithi Maran had initially sought compensation during arbitration, which was denied by a panel comprising three retired Supreme Court judges. The parties later approached the Single-Judge Bench of the Delhi High Court, which also rejected the plea. The recent dismissal by the Division Bench marks the third rejection of these claims.
SpiceJet emphasized that all claims had been thoroughly evaluated and dismissed at each legal stage. The airline noted that this decision reinforces its position and clears any uncertainty around the dispute with its former stakeholders.
SpiceJet Share Price Performance
On 26 May 2025, the SpiceJet stock opened at ₹44.10 on the BSE, slightly up from the previous closing price of ₹43.83. It later peaked at ₹45.78 during intraday trading, registering gains of 4.45%.
Recent Operational Update
Earlier in May 2025, SpiceJet had announced progress in its fleet reactivation efforts. The airline confirmed that as of 9 May 2025, it successfully ungrounded and reinstated a Boeing 737 NG aircraft (Registration Number: VT-SGV) into active service. This move is part of SpiceJet’s ongoing strategy to optimize its fleet amid increasing air travel demand.
The court verdict and fleet expansion initiatives signal positive momentum for the airline, which continues to navigate a competitive domestic aviation landscape.
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