Cairn, Devas lawsuits to not impact Air India disinvestment: Govt The case is being defended by Air India Limited. The company has appointed lawyers to defend its interests, VK Singh said Air India disinvestment process will not be impacted by lawsuits BusinessToday.In
Updated Jul 23, 2021, 9:19 AM IST
The lawsuits filed by Cairn Energy and Devas Multimedia in the US are not likely to have any impact on the disinvestment process of Air India, said Minister of State for Civil Aviation VK Singh said on Thursday. He said that Air India is a corporate entity with its own management and board and hence won’t be impacted. Cairn and Devas are seeking $1.72 billion and $1.2 billion respectively from India, which they won in international arbitrations.
Cairn Energy, Devas Multimedia Filed Lawsuits to Seize Air India s Overseas Assets: Govt
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