THE YEAR THAT WAS/ Jet-Sahara, airport project, Mumbai Mills kept SC busy in 2006

New Delhi: The collapsed Jet-Sahara deal, tussle over the airports modernisation project and go ahead to the sale of sick NTC mills were some of the high-stake legal battles involving the industry in the Supreme Court in 2006.
Though private carrier Jet Airways reached a pact to acquire smaller rival Air Sahara in January, their bonhomie was short-lived as differences surfaced over valuation prompting the takeover target to drag the industry leader to court.
Another case involving the aviation sector -- opposition to Delhi and Mumbai airports modernisation plan by Anil Ambani group's Reliance Airport Developers -- kept the apex court busy in the year gone by.
While Jet scored a point over Sahara with an order for transferring all litigations to Bombay High Court, Reliance Airport Developers' case against award of modernisation contracts to GMR and GVK-led consortia was turned down by the apex court.
PTI/Mangalorean.com

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