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Bombay HC adjourns Jet-Sahara case until 3 Aug

Bombay HC adjourns Jet-Sahara case until 3 Aug
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First Published: Tue, Jul 19 2011. 08 37 PM IST
Updated: Tue, Jul 19 2011. 08 37 PM IST
Mumbai: The Bombay high court on Tuesday adjourned a case on dues between Jet Airways (India) Ltd and Sahara India Commercial Corp. Ltd (SCCL) to 3 August.
On 16 June, a division bench of chief justice Mohit Shah and justice G.S. Godbole admitted SCCL’s appeal demanding money from Jet Airways.
Sahara India had appealed against a 5 May order by a single bench of the court asking Jet Airways to immediately pay Rs 478 crore, including interest, and demanded more money and interest from Jet Airways, which acquired Sahara Airlines from Sahara India.
Jet Airways bought Sahara Airlines in April 2007 and later rebranded it as JetLite.
Sahara India had in March 2009 filed an application with the high court claiming that Jet Airways had defaulted on payments for the purchase of Air Sahara, and sought the court’s permission to seize Jet Airways’ assets.
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First Published: Tue, Jul 19 2011. 08 37 PM IST