The Bombay High Court today granted two months time to Jet Airways and Air Sahara for filing affidavits with regard to the dispute over the multi-crore take-over deal.

Both the parties sought time to file additional affidavits following which the Court deferred the case for further hearing to January 19. Sahara had, in March, filed a petition claiming that the Naresh Goyal-owned airline had defaulted on the instalment amount due as payment for the acquisition of Sahara Airlines, now JetLite.

Also Read   Related Stories News Now - Airlines may get reprieve in expat pilot phase-out - Tata group plans to open 30 more Gateway Hotels by 2015 - Bird hits cause Rs 7 cr loss for airlines - HCL Info announces strategy for channel partners, SMEs - Regular meditation can reduce chances of death - Depression is as deadly as smoking: study

Also Read   Related Stories News Now - Markets come off day highs - Nickel strengthens on global cues - US hedge funds find ways to trade euro misery - SJVN Q4 net up 9% at Rs 120 cr - European shares gain as Greek fears ease More

Sahara contended that Jet had not paid the instalments in full, while Jet claimed that it had paid an amount of Rs 100 crore as the first instalment, deducting Rs 37.50 crore as tax dues.

In the second instalment, it deducted another Rs 50 crore. This was done after the Income-Tax Department raised a tax demand of Rs 107 crore on the then Sahara Airlines, which, Jet claimed, is for a period prior to its takeover of Sahara.

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Markets come off day highs - Nickel strengthens on global cues - US hedge funds find ways to trade euro misery - SJVN Q4 net up 9% at Rs 120 cr - European shares gain as Greek fears ease

Tags : HC | Jet | Sahara | affidavits | dispute | take-over deal | repayment of dues   Read Business news in  Advertisements -  Journey on, We are by Your Side. Click here to know more -  2 Lac Apartments, 1 Lac House / Plots. Click here -  Help a Child Achieve her. Click to know more -  Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol. -  The Best Seller is Also the No. 1 in Mileage. Click here -  Watch The Film Here. Click here to know more.. -  Leader in Passenger Car & Automobile Tyres. Click here -  1 billion in saving for Unilever without any tangles. -  A Brand New Server at a Price That Fits Your Budget. Click here -  Learn How One City is Running on FOOD SCRAPS. -  One Partnership Endless Possibilities. Click here to know more -  Helping doctors detect diseases earlier, saving costs & extending lives. -  36 Lakhs can get you a pool of Luxuries. Click here -  Which is the best plan for your daughter -  Check out the TRUE COLOURS of your Stocks, Now for FREE! -  One of the leading business schools in the world.Know More