A court ruling goes against Raj Kundra in a dispute tied to the sale of a stake in the Rajasthan Royals cricket franchise. According to NDTV, Emerging Media Ventures wins the case after it completes the stake sale to a consortium led by Lakshmi Mittal and Adar Poonawalla. The sale is carried out at an overall valuation of about $1.65 billion for the Rajasthan Royals stake involved in the transaction. Following the ruling, Kundra is ordered to repay $4.94 million. The reporting frames the decision as a loss of Kundra’s bid seeking a “cut” of the $1.65 billion sale, with the court affirming the outcome of the transaction once the stake sale is completed. The figures cited in the coverage—$1.65 billion valuation and a $4.94 million repayment order—are presented as central elements of the court’s directive. The sources do not provide additional details in the excerpted material on the underlying legal grounds or whether there is any further appeal.