The Bombay High Court has asked Jet Airways to pay Sahara India 478 crore rupees in two weeks on account of default in its obligations towards the 1,450 crore rupees takeover deal of Sahara Airlines, now known as Jetlite. Justice Dhananjay Chandrachud, however, rejected the petition filed by Sahara claiming 2,000 crore rupee as the amount for the takeover instead of the renegotiated amount of 1,450 crore rupees agreed between Jet and Sahara. The judge held that Jet Airways was liable to pay Sahara 478 crore rupees, which includes interest at 9 per cent per annum.
News On AIR | May 5, 2011 9:10 AM
Bombay High Court asks Jet Airways to pay Sahara India 478 crore rupees in two weeks