SpiceJet faces financial crisis, court orders 270 crore payment to Kalanithi Maran
Indian budget airline SpiceJet informed a court on Thursday that it is facing financial challenges. The Delhi High Court, in…
A court here on Monday fixed January 17 for delivering order on the issue of framing charges in Aircel-Maxis deal case against former Communications Minister Dayanidhi Maran and others.
Special Judge OP Saini postponed the order, saying that it was not ready till now as documents are voluminous in nature.
The court will also pronounce its order on the bail plea of Dayanidhi Maran, his brother Kalanithi Maran and other accused in the Aircel-Maxis case on the next date of hearing.
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The Central Bureau of Investigation has charge-sheeted Maran, his brother and businessman Kalanithi Maran, Chennai-based firm Sun Direct TV, Malaysian businessman T.A. Ananda Krishnan, his aide Augustus Ralph Marshall and the two accused firms — Maxis Communications Berhad of Malaysia and Astro All Asia Networks.
The charge sheet alleged that Dayanidhi Maran used his influence to help Krishnan buy Aircel by coercing its owner Sivasankaran to part with his stake.
It was alleged by Sivasankaran that Dayanidhi Maran favoured the Maxis Group in the takeover of his company. In return, he alleged, the company made investments through Astro Network in a company stated to be owned by the Maran family.
The charge sheet was filed under Section 120-B (criminal conspiracy) of the Indian Penal Code and other relevant provisions of the Prevention of Corruption Act.
In the other case, the Enforcement Directorate has chargesheeted Maran brothers, Kalanithi's wife Kavery Kalanithi and South Asia FM Ltd (SAFL) Managing Director K. Shanmugam and two companies — SAFL and Sun Direct TV Pvt Ltd (SDTPL) — for laundering Rs.742.58 crore.
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