Raj Kundra Secures Victory in Bombay High Court Over Rajasthan Royals Stake Dispute
Businessman Raj Kundra has received a significant legal boost from the Bombay High Court, allowing him to contest an ex parte anti-suit injunction issued by the High Court of England and Wales. This injunction is related to his 11.7 percent stake in the Rajasthan Royals, an Indian Premier League (IPL) franchise. The court’s decision marks an early victory for Kundra amid ongoing disputes over shareholding and governance issues tied to the franchise’s ownership structure.
Legal Background of the Dispute
The legal battle began when Kundra, through his Bahamas-based entity Kuki Investments, claimed an 11.70 percent stake in Royals Multisport Private Limited, the company that owns the Rajasthan Royals. This stake is held via Mauritius-based EM Sporting Holdings Limited. Kundra’s troubles escalated last year when he filed a petition with the National Company Law Tribunal (NCLT) in Mumbai, alleging oppression and mismanagement by Emerging Media Ventures. His allegations included serious claims of fund misappropriation and irregularities in related-party transactions.
In response to Kundra’s petition, Emerging Media Ventures sought legal recourse in the High Court of England and Wales. On January 29, 2026, they obtained an ex parte anti-suit injunction that barred Kundra and Kuki Investments from pursuing their case in India. This injunction effectively halted any legal action Kundra could take regarding his stake in the Rajasthan Royals.
Bombay High Court’s Ruling
Kundra subsequently approached the Bombay High Court, arguing that the injunction from the English court was unenforceable and violated principles of natural justice. He contended that the order hindered his ability to seek statutory remedies available in India. Kundra emphasized that a significant portion of the legal issues arose in Mumbai, where he resides, and where Royals Multisport Private Limited is registered. He also pointed out that the NCLT proceedings are ongoing in Mumbai, reinforcing his claim for jurisdiction.
Justice Abhay Ahuja of the Bombay High Court accepted Kundra’s arguments regarding jurisdiction. The court granted him permission to file a suit seeking an anti-enforcement order against the English court’s injunction. This ruling allows Kundra to formally challenge the applicability of the foreign court’s order within the Indian legal system, potentially paving the way for him to continue his legal battle in India.
Legal Representation and Next Steps
Kundra’s legal team, consisting of advocates Nausher Kohli and Soham K, was supported by a team from S&T Legal, which included partner Akshay Gosavi and junior partner Ankit Pitti. Their efforts have led to this crucial legal development, enabling Kundra to contest the injunction that has impeded his legal rights in India.
As the case progresses, Kundra’s next steps will be closely monitored, especially given the implications for his stake in the Rajasthan Royals and the broader context of corporate governance within the IPL framework. The outcome of this legal challenge could have significant ramifications not only for Kundra but also for the governance of sports franchises in India.
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