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Delhi HC orders stay on SpiceJet's plan to shed cargo biz

BusinessLine  

SpiceJet's plans to hive off its cargo business has hit a roadblock with the Delhi High Court issuing an interim injunction against the debt-strapped airline preventing it from alienating a part of the assets into a separate company. The court's ruling comes after leasing company Goshawk filed a plea for the enforcement of USD 25.6 million in damages awarded against SpiceJet by a UK court.