Sahara files rejoinder in Lucknow court
The court posted the matter for further hearing to June 30 and said if necessary it will continue on July 1.india Updated: Jun 30, 2006 12:11 IST
Air Sahara on Wednesday filed a rejoinder at the District and Session Court on the objection petition moved by Jet Airways regarding their failed takeover deal.
The rejoinder affidavit was filed in the court of incharge of District and Sessions Court KK Sharma, who directed that the matter be put up on June 30, the next date fixed for further hearing.
Districts and Session Judge Shiv Charan Sharma on June 23 gave Air Sahara time till Wednesday to file the rejoinder
The court had restrained Jet Airways from selling Rs 500 crore worth share of its failed takeover target Air Sahara, while extending the freeze on the escrow account opened for the proposed acquisition.
The court posted the matter for further hearing to June 30 and said if necessary it will continue on July 1.
The court said its interim order freezing the escrow account and that on the Sahara share sale will continue till further orders.