Jet to file response in HC to Sahara's claim | business | Hindustan Times
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Jet to file response in HC to Sahara's claim

business Updated: Apr 25, 2009 21:27 IST
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Leading private airline Jet Airways will file its response in the Bombay High Court on Monday to Sahara India's enhanced claim of Rs 2,000 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 2,000 crore instead of the renegotiated amount of Rs 1,450 crore for the takeover as it had defaulted on payment of installments.

The court has fixed April 29 as the date of hearing of dispute between the two parties. Jet's counsel on April 19 had urged the court for time 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 has been allegedly violated.

Sahara claims that the takeover price had been brought down to Rs 1,450 crore from Rs 2,000 crore provided Jet Airways would not default on payment. But Sahara said there was default in payment and, therefore, concession on the takeover deal was not tenable