Devas lawsuit: Air India wins nod to appeal against Canadian ruling
Air India sought dismissal of Devas' foreign investors’ demand saying it is no longer a state-owned firm after its takeover by the Tata group.
Source: businesstoday.in
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Devas Recovery Suit: Air India wins nod to appeal against seizure ruling in Canada
Air India has won a nod of an appeals court in Quebec to challenge a Canadian court order that allowed foreign investors in Bengaluru-headquartered Devas Multimedia to seize its funds to recover compensation for a failed 2005 satellite deal with Antrix Corporation, a commercial arm of ISRO.
Source: deccanherald.com
Air India Seeks to End $1.2 Billion U.S. Case Citing New Owner
(Bloomberg) -- Air India Ltd. is seeking to end a case filed by Devas Multimedia Pvt. in a U.S. court, arguing a recent change in ownership of the carrier prevents demands over recovery of arbitration awards. Devas demands $1.
Source: bloombergquint.com
Devas Multimedia shareholders to continue seizing Indian assets abroad
Devas shareholders are pursuing Indian assets abroad to recover the awards and have got a French court order for freezing Indian properties in Paris and got partial rights over funds maintained by India funds in Canada.
Source: businesstoday.in
Devas shareholders to continue seizing Indian assets abroad
Devas shareholders are pursuing Indian assets abroad to recover the awards and have got a French court order for freezing Indian properties in Paris and got partial rights over funds maintained by India funds in Canada
Source: livemint.com