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Devas gets nod to attach India’s Paris flat

Date: 15 January 2022 Tags: Judiciary & Judgments
  • Devas Multimedia said they had received a Paris court’s permission to attach as collateral an apartment of the Indian Deputy Chief of Mission in the French capital valued at €3.8 million.
  • The judgment was in connection with arbitration awards won by the telecommunications firm after India cancelled the Antrix deal.
  • This comes close on the heels of a Canada court on January 8 allowing Devas investors to seize 50% of Air India’s assets held by the International Air Transport Association (IATA).