RTTL had moved the apex court in March last year, challenging the Bombay high court judgement that asked it to sort out differences over the title of the property with Mukesh Ambani-run Reliance Industries.
A bench headed by Justice A K Mathur dismissed RTTL's plea seeking to restrain AAI from entering into a lease agreement with Reliance Industries in respect of land measuring 2,701 sq mt at Chattrapati Shivaji International Airport in Mumbai.
The petitioner said AAI had allotted the land in the name of RTTL, which was a subsidiary of RIL, for construction of hangars on Build-Operate-Transfer
According to RTTL, RIL being the flagship company of the erstwhile unified Reliance Group had assisted and acted on its behalf in pursuing the application for allotment of land.
However, after demerger of the group in 2005, RTTL had advised AAI that all the correspondence related to the said land should be made to it's office address as it had no relation with Reliance Industries, the petition stated.
Alleging that AAI had wrongfully decided to recognise RIL as the allottee, it stated that this amounted to wrongful and arbitrary denial of its rights in the land.
RTTL, which operates non-scheduled air transport service (passenger), stated that the letter dated July 20, 2006 issued by AAI cancelling the bills raised for license fee in its name was unreasonable.