UK Court orders Raj Kundra to pay $4.94 million to EMV

The dispute related to a 11.7% stake that Kundra's Kuki Investments Ltd held in Mauritius-based EM Sporting Holdings, the EMV subsidiary that controlled the IPL franchise. The court in its order on Thursday also granted a permanent anti-suit injunction restraining Kundra and Kuki Investments from pursuing related claims outside the English proceedings.