Delhi High Court Directs SpiceJet To Maintain ₹58.80 Lakh In Bank Accounts In Dispute With Travel Agent
The Delhi High Court has recently directed debt-laden airline SpiceJet Limited to maintain approximately ₹58.80 lakh in its ICICI Bank and IDFC Bank accounts while hearing an application by Travel2Agent.com and others seeking attachment of the airline's bank accounts to recover dues under an arbitral award.
Justice Tushar Rao Gedela passed the order on October 9, 2026, after the decree holders' counsel submitted that SpiceJet had paid ₹25 lakh towards the outstanding amount of ₹83.80 lakh.
The court directed:
“In the meanwhile, judgment debtor is directed to maintain in its aforenoted Bank accounts, a sum of Rs.58,80,856/- (approx.) till the next date of listing.”
The dispute arises from an arbitral award dated October 31, 2012, which awarded ₹34,30,937 to Travel2Agent.com and others. The award was subsequently modified under Section 34 of the Arbitration and Conciliation Act, 1996.
The decree holders' counsel informed the Court that the Supreme Court had dismissed SpiceJet's Special Leave Petition and upheld the award as modified under Section 34.
Travel2Agent.com and others sought attachment of SpiceJet's bank accounts to recover the outstanding amount.
Their counsel submitted that the amount payable under the award stood at ₹83,80,846. He stated that SpiceJet had paid ₹25 lakh after the attachment application was served.
The decree holders also informed the Court that SpiceJet had accounts with ICICI Bank at Connaught Place and IDFC Bank at Barakhamba Road, New Delhi. They submitted that the airline had not filed objections despite several opportunities or deposited the awarded amount, except for the ₹25 lakh payment.
The Court issued notice to SpiceJet and directed it to maintain approximately ₹58,80,856 in the identified bank accounts until the next hearing. It did not finally decide the attachment application.
Separately, the decree holders sought the detention of a SpiceJet officer in civil prison under Order XXI Rule 41(3) of the Code of Civil Procedure, 1908. The application alleged non-compliance with an order dated January 29, 2026, directing SpiceJet to file an affidavit disclosing its income and assets.
The Court issued notice on this application but did not order detention.
SpiceJet was granted four weeks to file its replies or objections to the applications. The decree holders may file rejoinders within two weeks thereafter.
The matter will be heard again on November 27, 2026.
For petitioner (M/s Travel2Agent.com & Ors.): Advocate Yugal Mehra.