The Bombay High Court allowed Raj Kundra to challenge a UK anti-suit injunction over his Rajasthan Royals stake, with Justice Abhay Ahuja granting Clause XII leave for suit.
MUMBAI: The Bombay High Court allowed businessman Raj Kundra to challenge an ex parte anti-suit injunction issued by the High Court of England and Wales concerning his 11.7% holding in the IPL franchise Rajasthan Royals.
Justice Abhay Ahuja granted leave under Clause XII of the Letters Patent, permitting a suit to be instituted on the Original Side of the High Court.
The proposed suit seeks a declaration that the anti-suit injunction granted by the High Court of England and Wales is bad in law, together with permanent, interim and ad-interim injunctions.
The petition states that Kuki Investments, a Bahamas company owned by Kundra, beneficially holds 11.70% of the issued and paid-up share capital of Royals Multisport Private Limited, the owner of the Rajasthan Royals franchise. That holding is held via EM Sporting Holdings Limited, a Mauritius vehicle, which is controlled by Emerging Media Ventures, a company incorporated in England and Wales.
In 2025, Kundra filed a company petition before the National Company Law Tribunal (NCLT), Mumbai, alleging oppression and mismanagement by Emerging Media, including claims of fund siphoning, related-party transactions and improper or fabricated statutory records.
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While the NCLT petition remained pending, Emerging Media Ventures initiated proceedings in the High Court of England and Wales and secured an ex parte anti-suit injunction on January 29, 2026.
The injunction restrains Kundra and Kuki Investments from pursuing the NCLT proceedings or commencing any proceedings in India against Emerging Media.
Kundra then approached the Bombay High Court under Clause XII of the Letters Patent, describing the English order as “non est, violative of principles of natural justice and unenforceable”. He argued that the anti-suit injunction prejudiced his company’s rights by blocking its ability to seek statutory remedies in India.
On jurisdiction, Kundra submitted that a substantial part of the cause of action arose in Mumbai: he resides there, Royals Multisport’s registered office is in Mumbai, the alleged oppressive acts concern the Indian company, and the NCLT proceedings are pending in Mumbai.
Justice Ahuja accepted this jurisdictional contention and granted leave to Kundra to file a suit seeking an anti-enforcement order to prevent the English anti-suit injunction from operating within India.
Advocates Nausher Kohli and Soham K, assisted by a team from S&T Legal including partner Akshay Gosavi and junior partner Ankit Pitti, appeared for Kuki Investments and Kundra.
Case Title: Kuki Investments Limited & Anr v. Emerging Media Ventures Ltd & Ors
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