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Rediff.com  » Business » Ambanis' dispute over hangar: Hearing adjourned till July 7

Ambanis' dispute over hangar: Hearing adjourned till July 7

Source: PTI
June 02, 2008 17:54 IST
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The Bombay high court on Monday adjourned to July 7 the hearing in a dispute involving Ambani brothers over lease of land at Chhatrapati Shivaji International Airport to Mukesh-owned Reliance Industries Ltd.

Justice A P Deshpande, who is hearing the petition by Anil Ambani-owned Reliance Transport and Travels Ltd staking claim over a lease of land for hangar, adjourned the hearing after its counsel sought time to inspect the documents on the lease agreement entered between Reliance Industries and Airport Authority of India.

"We want to inspect the correspondence by RIL and file a rejoinder," advocate for RTTL Cyrus Bharucha told the court.

A month ago, a  division bench of this court had permitted AAI to lease the hangar to RIL, subjected to final outcome of the suit before Justice Deshpande.

The bench had said that RIL can neither create any third party right in the hangar nor it can hand it over to a third party.

RTTL wanted a stay to execution of the lease agreement between AAI and RIL till the suit was decided, which was rejected by the Apex court on May 9.

AAI allotted the plot to RTTL in 2000, when it was a subsidiary of RIL, and the demerger of Reliance was yet to happen. Following the demerger of Reliance, while the flagship RIL went to Mukesh Ambani, RTTL went to Anil Ambani.

Therefore, now the issue before the court is as to who is entitled to get lease of the allotted land.

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