Frivolous police complaint, will grant full cooperation: SpiceJet MD

New Delhi, April 7 (IANS): SpiceJet chief executive Ajay Singh, who on Thursday won interim protection from the Delhi High Court against arrest or coercive action, described the police complaint in the alleged fraud case as “frivolous in nature”.

According to a statement, the High Court suspended the non-releasable warrant against Ajay Singh by a lower court, “issued because Singh was unable to attend a hearing due to Covid isolation”.

The SpiceJet MD “will continue to cooperate fully in this matter to bring this malicious complaint to an end. We believe the matter is civil in nature and the complaint to the police is entirely frivolous,” he added.

Earlier in the day, a bench of Judge Anoop Kumar Mendiratta, delivering the plea order on Ajay Singh’s early bail plea after booking it on Wednesday, granted interim protection.

Postponing the case to May 24, the court asked him to cooperate with the investigation.

Earlier, the trial court had denied bail as it ‘will affect the investigation against him at this stage’.

According to the complaint, there was a share purchase agreement between businessman Sanjiv Nanda and Singh, and he paid Rs 10 lakh for 10 lakh shares of SpiceJet which, however, did not have been transferred by him. Later, Nanda approached the police and filed a cheating complaint against Singh.

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