High court defers ruling on Jet-Sahara case till 2 July

High court defers ruling on Jet-Sahara case till 2 July
PTI
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First Published: Mon, Jun 22 2009. 08 14 PM IST
Updated: Mon, Jun 22 2009. 08 14 PM IST
Mumbai: The Bombay high court on Monday asked Jet Airways and Sahara India Commercial Corporation Ltd (SICCL) to settle their dispute over the takeover of Sahara Airlines by 2 July or else it would pass an order.
Justice Dhananjay Chandrachud deferred the ruling after both the parties informed the court that they were too eager to settle the dispute.
Jet Airways had sought time till 9 July, but the court asked both sides to settle before 2 July or else it would pass an order.
The court had last month directed both Jet and Sahara to sit across the table and try for an amicable settlement to the dispute.
This is not for the first time the court has suggested both to sit down and settle their dispute. Earlier, both tried but could not find out a solution to their dispute.
SICCL had in March filed a petition, claiming that the Naresh Goyal-owned airline had defaulted on the installment amount due as payment for acquisition of Sahara Airlines, now JetLite, hence it was liable to pay original deal amount of Rs2,000 crore and not re-negotiated amount of Rs1,450 crore.
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First Published: Mon, Jun 22 2009. 08 14 PM IST