Businessman Raj Kundra has secured preliminary aid from the Bombay Excessive Court docket after the court docket permitted him to problem an ex parte anti-suit injunction issued by the Excessive Court docket of England and Wales in connection along with his 11.7 p.c stake in Rajasthan Royals.

Raj Kundra will get aid from Bombay Excessive Court docket in dispute over Rajasthan Royals stake

The order was handed by Justice Abhay Ahuja beneath Clause XII of the Letters Patent, permitting Kundra to institute a swimsuit on the Unique Aspect of the Excessive Court docket. The event marks an early authorized win for Kundra in an ongoing dispute regarding shareholding and governance points linked to the IPL franchise’s holding construction.

Based on the plea, Kuki Investments, a Bahamas-based entity owned by Kundra, holds 11.70 p.c of the paid-up share capital of Royals Multisport Non-public Restricted, the corporate that owns the Rajasthan Royals franchise. The stake is held by means of Mauritius-based EM Sporting Holdings Restricted.

The dispute traces again to proceedings initiated by Kundra earlier than the Nationwide Firm Regulation Tribunal in Mumbai final yr. In his firm petition, Kundra alleged oppression and mismanagement by Rising Media Ventures. The allegations included claims referring to siphoning of funds, related-party transactions and points regarding statutory data.

Rising Media Ventures subsequently approached the Excessive Court docket of England and Wales and obtained an ex parte anti-suit injunction on January 29, 2026. The order restrained Kundra and Kuki Investments from persevering with proceedings earlier than the NCLT or initiating any authorized motion in India in opposition to the corporate.

Kundra then moved the Bombay Excessive Court docket, arguing that the England court docket’s injunction was not enforceable and violated ideas of pure justice. He contended that the order adversely affected his firm’s potential to pursue statutory cures out there in India.

On the query of jurisdiction, Kundra submitted {that a} substantial a part of the reason for motion arose in Mumbai. He identified that he resides within the metropolis, Royals Multisport Non-public Restricted is registered there and the alleged acts of oppression relate to the Indian entity. He additionally highlighted that the NCLT proceedings are pending in Mumbai.

Justice Ahuja accepted the jurisdictional submissions and granted Kundra depart to file a swimsuit looking for an anti-enforcement order in opposition to the operation of the English anti-suit injunction in India. The choice permits him to formally problem the applicability of the international court docket order inside the Indian authorized framework.

Advocates Nausher Kohli and Soham Ok appeared for Kundra and Kuki Investments. They have been briefed by a workforce from S&T Authorized that included associate Akshay Gosavi and junior associate Ankit Pitti.

Additionally Learn: ED alleges Shilpa Shetty’s husband Raj Kundra held Rs 150 crores in bitcoins; court summons him in money laundering case

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