Former Ebix Chairman and CEO Robin Raina has issued a clarification denying what he called false and misleading claims made by Eraaya Lifespaces Limited regarding ongoing legal disputes and his ownership rights in the company.
In a statement released on December 23, 2025, Robin Raina said that Eraaya Lifespaces has been spreading incorrect information through repeated media statements. He said these claims wrongly suggest that the Supreme Court of India has ruled against him on the merits of his ownership and contractual rights. According to Raina, this interpretation is incorrect and does not reflect the court’s actual order.
Raina explained that the Supreme Court order dated August 25, 2024, was limited in scope. The court only considered whether the matter should be referred to arbitration at that stage. It did not examine the validity of any agreements, nor did it make any finding related to forgery, fraud, or fabrication. The order clearly stated that the court had not looked into the merits of the dispute and that all issues between the parties remain open.
He said that despite this clear wording, Eraaya Lifespaces has repeatedly claimed that the order brought closure to his ownership claims or questioned the authenticity of agreements relied upon by him. Raina said no such conclusion was reached by the Supreme Court and that these claims misrepresent the judicial record.
According to the clarification, multiple legal proceedings filed by Raina are currently pending against Eraaya Lifespaces, its promoter Vikas Garg, and related entities. These cases are ongoing in courts in Delhi and Noida, as well as in the United States. The disputes involve allegations including fraud, forgery, extortion, theft, wrongful termination, defamation, and violations under US RICO laws. Raina said more legal actions are also being prepared.
Raina said his claim to a 50% shareholding in Eraaya Lifespaces is based on binding agreements executed in August 2024. He added that these claims will be decided through legal proceedings and that the Supreme Court order has not affected his rights in any way.
He also pointed out that Eraaya’s current statements contradict its own earlier public announcements. In June 2024, the company had issued press releases praising his leadership and announcing his appointment as chairman. Those statements had highlighted the value created during his time at Ebix, including strong shareholder returns.
In his statement, Raina said he rejects what he described as selective and misleading interpretations of court orders. He said his legal rights remain intact and that he will continue to pursue the matter in India and abroad. Raina said the clarification was issued to ensure transparency and to prevent public misunderstanding of the legal position.
He is being represented by S & K Chambers in India and Stanton Law in the United States. Raina said he reserves the right to take further legal action against defamatory or misleading publications.
