Media Release: Supreme court Brings closure to false Ownership claims against Eraaya Lifespaces.
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The Supreme Court of India, led by the Chief Justice, has dismissed the review petition filed by former Ebix CEO Robin Raina challenging ownership claims against Eraaya Lifespaces. This follows an earlier Supreme Court rejection of Raina's petition on 25 August 2025. Eraaya was represented by senior advocates Mukul Rohatgi and Abhishek Manu Singhvi, who had earlier demonstrated before the Delhi High Court that Raina's allegations were based on forged documents. The company has stated that the ruling has no adverse impact on its operations, governance, or strategic direction. Eraaya continues to hold and operate Ebix Inc. and its global subsidiaries as part of its business portfolio.
Positive for shareholders — the legal cloud over Eraaya's ownership has been cleared at the highest judicial level, reducing uncertainty around the Ebix acquisition and reinforcing governance stability. This removes a key overhang on the stock and strengthens investor confidence in management's control over the company's global assets.