Jet plea for refund rejected by arbitration panel

Jet Airways, which is involved in a tussle with its failed takeover target Air Sahara, today failed to get respite from an Arbitration panel on its plea for refund of Rs 500 crore paid as advance.

Jet had sought refund of Rs 500 crore paid by it as advance to Air Sahara along with interest after a takeover deal was reached in January last year, but the Arbitration Tribunal declined the plea in its hearing here, sources said.

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One Response to “Jet plea for refund rejected by arbitration panel”

  1. Carsten Broich Says:

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