New York, June 22 (PTI): A US court has issued a show-cause notice to the Sahara group in connection with a $350-million lawsuit seeking the attachment of its two prized hotel assets here - Plaza and Dream Downtown.

The lawsuit has been filed by Hong Kong-based JTS Trading Ltd, which had proposed to partner UAE-based Trinity White City Ventures and arrange loans from Swiss banking giant UBS to acquire the crisis-ridden Indian group's three overseas hotels - Grosvenor House in London and the two in New York.

In the lawsuit filed with the Supreme Court of the State of New York against Trinity, Sahara and UBS, JTS has alleged that Trinity cut it off from the deal for direct negotiations with Sahara. JTS has also accused Sahara and UBS of having "aided and abetted" the UAE firm in breaching its "fiduciary duties" under their agreement.

The court has asked Sahara to show cause on July 8 why "an order should not be made" for attaching the group's interest in the US hotels.There were no reply to queries mailed to Trinity and JTS in this regard, while an UBS spokesperson said the bank had "no comment" to offer on this matter.