Centre gets notice on Jet-Sahara deal
Centre gets notice on Jet-Sahara deal
The Jet-Sahara battle tookk a new turn when Bombay High Court asked Centre for papers related to failed takeover bid.

Mumbai: The Jet-Sahara legal battle took a new turn on Thursday when the Bombay High Court issued a notice to the government, on a petition filed by Jet Airways, asking for the documents related to its failed takeover bid of rival Air Sahara.

Jet filed the petition on Monday, seeking the documents and notes made by Director General of Civil Aviation and Civil Aviation Ministry on the merger. Jet's application was filed under Section 27 of the Arbitration Act.

Jet has contended in the court that its plans to acquire Air Sahara failed due to the absence of security clearance. The single-judge bench of Justice Anoop V Mehta asked the government to present its views on April 11.

According to Janak Dwarkadas, counsel appearing for Jet, these documents are related to the security clearance and internal notes made by the authorities during the merger.

A two-member arbitration tribunal, which is hearing the two airlines, had on March 28 granted permission to Jet Airways to file application seeking documents before the court.

The tribunal is hearing Jet's plea seeking the refund of Rs 1,500 crore that it had deposited in an escrow account in the run-up to the merger.

The arbitration tribunal will resume hearing the arguments on April 9, when final hearing is scheduled to be held non-stop for two weeks.

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