"A transfer petition is also being filed by Jet Airways before the Supreme Court," the airline said in a statement.
In a statement "clarifying" its stand on the failed deal, the airline said, "Any comments on the merits of the controversies between parties would therefore be inappropriate and improper".
The controversy arose after Air Sahara submitted before the Lucknow District Court that the deal was still "subsisting", while Jet officials maintained that it had expired.
"For commercial reasons, and in the interest of Jet Airways and its family of shareholders, the management decided not to extend the time" after the expiry of the Share Purchase Agreement on June 21.
Observing that commercial transactions had "their own time frame based on financial and other techno-commercial compulsions", the Jet statement said, "on account of this, the time limits in the Share Purchase Agreement have expired before the conditions precedent have been met".
Regarding the "credentials" of its management in the wake of controversy over the delay in granting of security clearance to Jet Chief Naresh Goyal, the statement said, "The latest communication by the government of India has laid the controversy to rest - nothing more needs to be said".
Goyal was granted security clearance by the Union home ministry a day after the deal lapsed. Terming the controversy of the failure of the deal as 'unfortunate', Jet said it had "acted entirely on sensible commercial and legal advise received by it" and there was no need to read anything more into the actions of the two parties "beyond commercial considerations".