Delhi HC Rejects SpiceJet Promoter Ajay Singh’s Anticipatory Bail Request

The Delhi Supreme Court has rejected the anticipatory bail petition of SpiceJet’s promoter, Ajay Singh, in a case related to alleged breach of a deal over the share purchase agreement.

The Delhi HC heard the plea in a case where a bail order had been issued against Singh by the Economic Offenses Wing (EOW).

SpiceJet has not responded to BusinessLine‘s email seeking comment on the above development.

Vikas Pahwa, the senior lawyer, appearing on behalf of complainant Sanjiv Nanda, said on Wednesday: “The court heard the case and rejected Singh’s request. We had objected to the request on multiple grounds, including misconduct, fraudulent others. We alleged that Singh did not appear at any of the hearings, nor did he stick to his side of the deal.”

The complaint was filed by Delhi-based businessman Sanjiv Nanda, who alleged that a share purchase agreement had been signed between Singh and Nanda’s family to transfer about 25 lakh fully paid-up shares of SpiceJet. Singh, however, failed to do so. The offense was filed under multiple sections of the Indian Penal Code including 406, 409, 420.

This is not the only FIR registered against Singh. There are at least two other FIRs against him. In both cases, a Non-bailable Warrant (NBW) has been issued against him. Not only that, there is also an NBW against his daughter, Avnee Singh.

published on

March 30, 2022

Leave a Comment