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Tina Anil Ambani’s yacht case: hearing adjourned

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The Bombay High Court on Wednesday adjourned the hearing of petition challenging seizure of a yacht belonging to Ammolite Holdings, an associate company of Anil Dhirubhai Ambani Group.

ADAG’s lawyer, senior advocate Aspi Chenoy, sought time for filing reply to customs’ affidavit.

The yacht, reportedly a gift by ADAG head Anil Ambani to his wife, was purchased by Ammolite Holdings, an associate of ADAG, last October. It has been chartered by Reliance Transport and Travels Ltd, another ADAG company.

In February, customs seized it for alleged duty evasion.

ADAG claims that the Yacht, named `Tian’, was not imported into India, but it is a ship with foreign flag which can sail in international as well as Indian waters, so there was no question of paying any import duty.

Division bench of Justices F I Rebello and J H Bhatia will hear the ADAG lawyer on May 8.

Source: economictimes

May 6, 2009 · Filed Under Reliance ADAG 
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