Call us for Counseling - 9580048004, For Support - 8860807050.  

News in Short

Filter By Date

Filter By Date

Devas seizes Air India property in Canada

Date: 05 January 2022 Tags: Miscellaneous
  • Devas shareholders have seized $6.8 million worth of Airport Authority of India’s (AAI’s) property following permission from a Canadian court.
  • The shareholders had sought the right to seize all sum or moveable property of India and/or AAI being held by the International Air Transport Association.
  • The PCA ruled in favour of Devas shareholders in 2016 finding India in breach of the obligation to accord fair and equitable treatment leading to unlawful expropriation of Devas’ business.