Spicejet promoter Ajay Singh, who was granted provisional protection from arrest yesterday by the Delhi High Court in an alleged fraud case, said he will “continue to cooperate fully in the case”.
Mr Singh stressed that the case was “civil” in nature and called the police charge brought against him in the case “mischievous and frivolous”.
“Mr Singh will continue to fully cooperate with the case to bring this mischievous complaint to an end. We believe that the case is civil in nature and the complaint to the police is completely insignificant,” the Spicejet statement said. . promoter.
“The Hon’ble Delhi High Court has today suspended the arrest warrant issued by a lower court against Mr. Ajay Singh. The warrant was issued because Mr. Singh was unable to appear for a hearing due to covid isolation,” it added.
Earlier on Thursday, the Delhi High Court suspended the arrest warrant issued by a lower court against Mr Singh and ordered police that “no coercive action will be taken against the petitioner”.
The court said the dispute between the parties appeared to be of a civil nature and that it “cannot be ignored that the petitioner is a chairman and general manager of SpiceJet Airlines and has deep social roots in society”.
“The FIRs in question are based on a civil and commercial dispute arising from share purchase agreements. The petitioner has already joined the investigation and has also submitted a detailed response to the investigation officer during the investigation. The dispute between the parties also appears to be relevant. civil character which could not be definitively established due to the differing interpretations given by the parties,” noted Judge Anoop Kumar Mendiratta, who on May 24 listed Mr Singh’s anticipatory bail application in the case for further consideration.
“Given the facts and circumstances, since the dispute concerns the transfer of shares in breach of the agreed terms, it may be appropriate to grant the petitioner interim protection,” said Justice Mendiratta.
Accordingly, no coercive measures will be taken against the petitioner until the next hearing and any NBWs issued by the competent authority in this regard will be suspended. However, the petitioner is instructed to participate in the investigation as and when summoned by the Officer of Inquiry, according to the court.
The case concerns the transfer of shares of the airline to certain individuals against whom a complaint was lodged at the Hauz Khas Police Station.
Singh had sent the court to court to seek protection from arrest in the case after being issued without bail in January for failing to appear before police for investigation.
However, the court rejected his anticipatory bail request last month