Businessman Raj Kundra has received preliminary relief from the Bombay High Court as it allowed him to challenge the ex-parte anti-suit injunction issued by the High Court of England and Wales in relation to his 11.7 per cent stake in Rajasthan Royals.
Raj Kundra gets relief from Bombay High Court in Rajasthan Royals stake dispute
Justice Abhay Ahuja passed the order under Clause XII of the Letters Patent, allowing Kundra to file the suit on the original side of the High Court. The development marks an initial legal victory for Kundra in the ongoing dispute related to shareholding and governance issues related to the holding structure of the IPL franchise.
According to the petition, Cookie Investments, a Bahamas-based entity owned by Kundra, holds 11.70 per cent of the paid-up share capital of Royals Multisport Pvt Ltd, which owns the Rajasthan Royals franchise. The stake is held through Mauritius-based EM Sporting Holdings Limited.
The dispute is related to proceedings initiated by Kundra before the National Company Law Tribunal in Mumbai last year. In his company’s petition, Kundra accused Emerging Media Ventures of harassment and mismanagement. The allegations included issues related to misappropriation of funds, related-party transactions and statutory records.
Emerging Media Ventures subsequently approached the High Court of England and Wales and obtained 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 moved the Bombay High Court and argued that the English court’s injunction was not enforceable and was in violation of the principles of natural justice. He argued that the order adversely affected his company’s ability to pursue statutory remedies available in India.
On the question of jurisdiction, Kundra said that a major part of the action originated in Mumbai. He said he is based in the city, Royals Multisport Pvt Ltd is registered there and the alleged acts of harassment pertain to the Indian entity. He also highlighted that NCLT proceedings are pending in Mumbai.
Justice Ahuja accepted the jurisdictional submissions and allowed Kundra to file the suit seeking an anti-enforcement order against the operation of the English anti-suit injunction in India. The decision allows them to formally challenge the applicability of the foreign court order within the Indian legal framework.
Advocate Nausher Kohli and Soham appeared for Kundra and Kuki Investments. He was briefed by a team from S&T Legal comprising partner Akshay Gosavi and junior partner Ankit Pitti.
