On Monday, March 23, in a major legal development, the Bombay High Court permitted actor and businessman Raj Kundra to challenge an order issued by a UK court in a dispute over his alleged stake in the IPL franchise Rajasthan Royals.
Justice Abhay Ahuja granted permission to the businessman under Clause XII of the Letters Patent. The matter revolves around Kundra’s financial and ownership claims related to the team, which have been under scrutiny for many years.
However, the plea says that Kuki Investments, a Bahamas-based company owned by Raj Kundra, holds an 11.70 percent stake in Royal Multisport Private Limited, the owner of the Rajasthan Royals IPL franchise. And it holds the stakes through EM Sporting Holdings Limited, an investment hub in Mauritius.
According to reports, the UK court had earlier issued orders that affected Raj’s ownership rights in the franchise, prompting him to seek relief in India. And now the Bombay High Court has granted him the liberty to initiate appropriate legal proceedings to contest the foreign court’s ruling.
Raj Kundra has been permitted to file a suit seeking an anti-enforcement order against the English anti-suit injunction in India.
Lawyers Nausher Kohli and Soham K were informed by the S&T Legal team, including partner Akshay Gosavi and junior partner Ankit Pitti, who represented Raj Kundra and Kuki Investments.
