SC to hear Jet-Sahara case on Monday

New Delhi: The Jet-Sahara case will come up for hearing in the Supreme Court on Monday.

Sources say a decision could be expected on two counts – whether the freeze on the Rs 1,500 crore Escrow account will continue, and in which the court case would subsequently be heard.

The Jet-Sahara deal fell through in June and the court froze the Escrow account pending a decision. Ever since, speculation has been rife that the two parties are working on an out-of-court settlement.

Jet is likely to hold an AGM on September 20. Sources say a decision on the issue could be expected by then.