Thursday, June 29, 2006

Jet-Sahara row reaches SC

New Delhi: The legal battle between two leading private airlines — Jet Airways and Air Sahara — on their failed Rs 2,300-crore takeover deal reached the Supreme Court today with the former seeking the transfer of Sahara’s application for invoking arbitration proceedings from the court of Lucknow District Judge to the Bombay High Court.
On the other hand in its effort to preempt any possible ex parte interim order on Jet Airways’ transfer petition, Air Sahara filed a caveat in the apex court earlier in the day to ensure that it was given a chance to place its viewpoint before any decision was taken on it.
28/06/06 The Tribune
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