 "SC issues notices to Jet Airways, Sahara on sellout dispute")
New Delhi: The Supreme Court today issued notices on cross appeals by Sahara India and Jet Airways challenging a Bombay High Court order directing the latter to pay a renegotiated amount instead of the original determined price for purchase of Sahara Airlines (now Jetlite) in 2007.
A bench of justices Altamas Kabir and S S Nijjar granted six weeks to the two parties to file their counter-affidavits and two weeks thereafter for the rejoinders.
[caption id=“attachment_146858” align=“alignleft” width=“380” caption=“Sahara had contended that Jet Airways was liable to pay Rs 2,000 crore. Reuters”]  [/caption]
On 17 October, the high court had upheld its earlier order by a single judge asking Jet Airways to pay nine percent interest on the balance amount of purchase price to Sahara.
A division bench comprising Chief Justice Mohit Shah and Justice G S Godbole had dismissed appeals of Sahara India and Jet Airways challenging the May 5 order of the single bench of Justice DY Chandrachud.
The bench had ruled that the two appeals filed by Sahara India and Jet Airways were “not maintainable” as only an SLP was maintainable against the order of the single judge.
Earlier, Jet had given an undertaking that it will not dispose of the property during the pendency of the appeal filed by Sahara.
Sahara had contended that Jet Airways was liable to pay Rs 2,000 crore, the original buyout price, instead of the renegotiated amount of Rs 1,450 crore because the latter had defaulted in paying installments by deducting income tax dues.
Both sides had agreed to the renegotiated price on condition that Jet would not default in paying installments.
Jet Airways contended that they were not liable to pay interest on balance amount at nine per cent as they had not defaulted in payments but had only deducted income tax dues which were liable to be paid by Sahara.
PTI
 "Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty")
 "Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched")
 "Who is CP Radhakrishnan, India's next vice-president?")
 "Israel informed US ahead of strikes on Hamas leaders in Doha, says White House")
 "Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty")
 "Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched")
 "Who is CP Radhakrishnan, India's next vice-president?")
 "Israel informed US ahead of strikes on Hamas leaders in Doha, says White House")
](https://images.firstpost.com/wp-content/uploads/2011/12/jet.jpg){kind=link}