It is to be noted that the budget carrier is facing multiple challenges at the moment and in the June quarter reported a net loss of Rs 789 crore in

Promoter Ajay Singh presently holds around 60 percent stake in the airline. A couple of Indian conglomerates are also in the fray to buy a stake in the airline. SpiceJet

Ajay Singh allegedly gave Amit Arora a phoney depository instruction paper (DIS) for shares worth Rs. 10 lakh in exchange for services rendered, according to Amit Arora’s complaint. According to