In a significant legal development, Raj Kundra has secured an early win. The Bombay High Court has allowed him to challenge an ex parte anti-suit injunction issued by the High Court of England and Wales. Notably, the dispute revolves around his 11.7% stake in IPL franchise Rajasthan Royals.
Furthermore, Justice Abhay Ahuja granted permission under Clause XII of the Letters Patent. As a result, Kundra can now file a suit on the court’s Original Side, marking a crucial first step in the legal proceedings.
Dispute Over Rajasthan Royals Stake
At the heart of the matter lies Kundra’s indirect shareholding in Rajasthan Royals. His Bahamas-based company, Kuki Investments, holds 11.7% of the paid-up share capital of Royals Multisport Private Limited.
Additionally, this stake is routed through EM Sporting Holdings Limited, a Mauritius-based investment entity. Since Royals Multisport owns the IPL franchise, the case carries both financial and strategic importance.
Background: NCLT Petition and UK Injunction
Earlier, Kundra approached the National Company Law Tribunal (NCLT) in Mumbai. He alleged oppression and mismanagement by Emerging Media Ventures.
Specifically, the petition included claims of fund siphoning, related-party transactions, and improper maintenance of statutory records. Subsequently, Emerging Media moved the High Court of England and Wales.
Consequently, on January 29, 2026, the UK court issued an ex parte anti-suit injunction. This order restrained Kundra and Kuki Investments from continuing proceedings in India or initiating fresh action.
Kundra Challenges the UK Order
In response, Kundra argued that the UK injunction is invalid and unenforceable in India. Moreover, he described it as violative of legal principles and harmful to his company’s rights.
Importantly, he also pointed out that the order blocked access to statutory remedies in India. Therefore, it directly affected his ability to pursue the NCLT case.
Court Accepts Jurisdiction Arguments
A key aspect of the case was jurisdiction. Kundra maintained that a substantial part of the dispute arose in Mumbai.
In particular, he highlighted that:
- He resides in Mumbai
- Royals Multisport is registered in Mumbai
- The alleged mismanagement involves an Indian company
- NCLT proceedings are already ongoing in the city
Given these points, the court accepted his submissions.
What Happens Next?
Following this order, Raj Kundra can now file a suit seeking an anti-enforcement order against the UK injunction in India.
Going forward, this marks the beginning of a broader legal battle over rights and control linked to Rajasthan Royals. Meanwhile, further hearings are expected to shape the outcome in the coming months.
Legal Representation
For the proceedings, Kundra and Kuki Investments were represented by advocates Nausher Kohli and Soham K. In addition, they were supported by a team from S&T Legal, including partner Akshay Gosavi and junior partner Ankit Pitti.
