Jet-Sahara dues row: HC to fix hearing date today

Mumbai: The Bombay high court will on Monday announce a final date of hearing in a payment dispute case between Sahara India Commercial Corp. Ltd, or SICCL, and Jet Airways(India) Ltd.
Jet Airways on Thursday sought more time from the court to file a reply to an affidavit filed by SICCL, claiming Rs2,000 crore in dues. The court will hear the case either on 29 April or 4 May, Jet Airways’ lawyer Janak Dwarkadas told Mint.
SICCL’s 26 March application claimed that Jet Airways had defaulted on payments towards the purchase of Air Sahara, and had asked for permission to seize Jet’s assets. Jet Airways bought Sahara Airline Ltd, which operated Air Sahara, in April 2007 and later rebranded it JetLite. Jet said it had paid SICCL money in instalments after making deductions for liabilities from before the completion of the acquisition.
12/04/09 P.R. Sanjai/Livemint

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Categories: Jet Airways Apr 2009