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Cairn, Devas lawsuits to not impact Air India disinvestment: Govt

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. ....

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Financial bids for Air India expected by mid-Sept: Govt

Financial bids for Air India expected by mid-Sept: Govt
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Financial bids for Air India expected by mid-Sept: Govt
TNN / Jul 23, 2021, 04:17 IST
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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 petition filed in a New York court says AI is the “alter ego of India” and “therefore jointly and severally liable for the debts and obligations of India itself”. ....

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Cairn Energy, Devas Multimedia Filed Lawsuits to Seize Air India's Overseas Assets: Govt

Cairn Energy, Devas Multimedia Filed Lawsuits to Seize Air India's Overseas Assets: Govt
moneylife.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneylife.in Daily Mail and Mail on Sunday newspapers.

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Lawsuits by Cairn, Devas abroad unlikely to affect AI disinvestment, says Civil Aviation Ministry

Lawsuits by Cairn, Devas abroad unlikely to affect AI disinvestment, says Civil Aviation Ministry
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

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No likely impact of Cairn, Devas lawsuits on AI disinvestment process: Govt

No likely impact of Cairn, Devas lawsuits on AI disinvestment process: Govt
business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.

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