Raj Kundra gets relief from Bombay High Court in dispute over Rajasthan Royals stake

Businessman Raj Kundra has obtained initial relief from the Bombay High Court, which permitted him to challenge an ex parte anti-suit injunction issued by the High Court of England and Wales in relation to his 11.7 percent stake in Rajasthan Royals.

The order was passed by Justice Abhay Ahuja under Clause XII of the Letters Patent, allowing Kundra to file a suit on the Original Side of the High Court.

 This development marks an early legal victory for Kundra in an ongoing dispute involving shareholding and governance issues tied to the IPL franchise’s holding structure.

According to the plea, Kuki Investments, a Bahamas-based entity controlled by Kundra, holds 11.70 percent of the paid-up share capital of Royals Multisport Private Limited, the company that owns the Rajasthan Royals franchise.

 The stake is held via Mauritius-based EM Sporting Holdings Limited.

The dispute originated from proceedings initiated by Kundra before the National Company Law Tribunal in Mumbai last year.

 In his company petition, Kundra alleged oppression and mismanagement by Emerging Media Ventures. The allegations included claims of fund siphoning, related-party transactions, and issues concerning statutory records.

Emerging Media Ventures then approached the High Court of England and Wales and secured an ex parte anti-suit injunction on January 29, 2026.

 The order restrained Kundra and Kuki Investments from continuing proceedings before the NCLT or initiating any legal action in India against the company.

Kundra then filed a motion with the Bombay High Court, arguing that the English court's injunction was not enforceable and violated principles of natural justice.

 He claimed the order adversely impacted his company's ability to pursue statutory remedies available in India.

On the question of jurisdiction, Kundra submitted that a significant part of the cause of action arose in Mumbai.

 He highlighted that he resides in the city, Royals Multisport Private Limited is registered there, and the alleged acts of oppression pertain to the Indian entity. He also noted that the NCLT proceedings are pending in Mumbai.

Justice Ahuja accepted the jurisdictional submissions and granted Kundra leave to file a suit seeking an anti-enforcement order against the operation of the English anti-suit injunction in India.

 The decision allows him to formally challenge the applicability of the foreign court order within the Indian legal framework.

Advocates Nausher Kohli and Soham K appeared for Kundra and Kuki Investments.

 They were briefed by a team from S&T Legal that included partner Akshay Gosavi and junior partner Ankit Pitti.