Jet to file response in Mumbai HC to Sahara's claim on Monday

Mumbai: Private domestic airline Jet Airways would file its response in the Bombay High Court on Monday to Sahara India's enhanced claim of Rs 2000 crore for the buyout of erstwhile Sahara airline, now Jetlite.
"We will file on Monday a rejoinder to application moved by Sahara India Commercial Corporation Ltd in this regard", Jet Airways counsel Janak Dwarkadas told PTI here.
Sahara has contended before the High Court that Jet was liable to pay Rs 2000 crore instead of the renegotiated amount of Rs 1450 crore for the takeover as it had defaulted on payment of instalments.
The Court has fixed April 29 as the date of hearing of the dispute between the two parties.
Jets counsel had on April 19 sought time from the Court to file a rejoinder to Sahara's application seeking Rs 2,000 crore from it as the buyout price on the ground that the agreement was allegedly been violated.
25/04/09 PTI/Economic Times

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Categories: Jet Airways Apr 2009