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Ludhiana: After waiting for more than two years since the suspension of the lone flight to Delhi, Ludhiana’s hope of getting back its air connectivity.
![[The Viewpoint] Interim Reliefs by Arbitral Tribunals in Foreign Seated Arbitrations: An Inefficacious Remedy? - Vimarsana News](https://gumlet.assettype.com/barandbench%2F2023-08%2F5a231057-0151-401d-ae48-ce2a6efda1a2%2FWhatsApp_Image_2023_08_29_at_13_12_48.jpeg?w=1200&auto=format%2Ccompress&ogImage=true&enlarge=true)
Indian Courts have been approached with the question of what constitutes ‘efficacious remedies’ available with the Arbitral Tribunal, rendering the remedy before the Court under Section 9 as unsustainable.
The government had, on April 29, 2022, approved the highest bidder Star9 Mobility, a consortium of Maharaja Aviation, Big Charter and Almas Global Opportunity Fund as the successful bidder for sale of 100 per cent equity shareholding of the government in Pawan Hans.
India’s insolvency proceedings are not working well. The Jet story illustrates some of the costs India is incurring. It is not about the airline alone.
Even as Almas Global expressed surprise at the NCLT ruling, legal experts say the development may have its fallout in the Star9 Consortium’s winning bid for Pawan Hans being disqualified.