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Investors in a satellite communications company have urged a federal judge to issue an order allowing them to register a $1.29 billion award enforcement nationwide, so they can begin seizing the U.S. assets of India's state-owned space corporation.
Creditors of India owed more than $1 billion in unpaid arbitral awards are fighting back against efforts by the country's airline to short-circuit allegedly premature efforts to seize its assets, saying there's no need to wait for their awards to be confirmed for the lawsuits to proceed.
Air India is fighting back against what it says are premature efforts to seize its assets to enforce more than a billion dollars' worth of arbitral awards against New Delhi, telling a New York court that the litigation filed by Britain's Cairn Energy and shareholders in an Indian satellite company is improper.
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 b...
Financial bids for Air India expected by mid-Sept: Govt Top Searches Financial bids for Air India expected by mid-Sept: Govt TNN / Jul 23, 2021, 04:17 IST FacebookTwitterLinkedinEMail NEW DELHI: While financial bids for Air India (AI) are expected by mid-September, the government does not foresee some foreign mega corporations suing AI to recover arbitration awards they have won against India to hamper the divestment of the airline. Recently, British oil firm Cairn Energy and Devas Multimedia sued Air India in order to recover arbitration awards they had won against the government. Devas p...