Friday, June 30 2006 16:45 Hrs (IST) - World Time -

Lucknow: The District Court hearing a petition by Air Sahara on its failed acquisition deal by Jet Airways today deferred hearing on the matter till July 29, after being informed by counsels of opposing parties that a petition had been filed in the Supreme Court seeking transfer of the cases.

District and Sessions Judge Shiv Charan Sharma, while deferring the matter, directed that the interim order restraining Jet Airways from making any withdrawal from the escrow account, and ICICI Bank from releasing any money will continue till further orders.

As soon as the hearing began this morning, the counsels informed the court that a petition had been filed in the apex court seeking transfer of the case.

The court, in order to avoid duplication in hearing the arguments, adjourned the matter till July 29 next.

Air Sahara today filed a supplementary affidavit on which the court granted time till July 22 to Jet for filing a rejoinder affidavit.