Air India recently filed an appeal at the US court against Devas Multimedia, on the grounds that new changes in the ownership of these airlines prevented the demands for the recovery of arbitration awards ($ 1.2 billion) given to Indian startup by the International Court on the cancellation of satellite transactions with ISRO commercial Arm Antrix.
According to an agent report, Air India filed an appeal at the US court on Thursday, on the same day the Tata Group took over the management of the airline.
Sources in the Civil Service Ministry, with anonymous requirements, confirm development without further outlines.
However, Tata Sons, did not respond to email requests from airlines that moved US tribes.
The district court in New York can ignore and discard the Devas case entirely based on Indian water demand or can identify the remaining problems in this case if requests are rejected, according to the airline submission.
Dex Multimedia, which is now under the control of the liquidator, is currently facing a liquidation process after the Supreme Court’s orders.
On January 17, upholding the national company law, accommodating the court ruled to end a company based in Bengaluru.
Dex, who is looking for $ 1.2 billion from the Government of India, will continue to confiscate the cash produced from several ticket sales abroad by Air India, said Matthew McGill, a partner in Gibson, Dunn & Crutcher who represents several Devas shareholders.
The company has won assets worth more than $ 30 million owned by Air India, which is claimed.
In fact, immediately after the Supreme Court ordered on January 17 to end the company, Deva advised Matthew D Mcgill, “The decision by the Supreme Court did not change anything.
The Modi government and the Indian court cannot rewrite the facts.
The allegations of thin fraud they will never stand up In court outside India “.
However, he said, “A better approach to the Modi government will return to the negotiation table, and continue the conversation for settlement.” The International Arbitration Court has provided a $ 1.2 billion compensation Devas for satellite agreements that canceled with Antrix and based on the award, the company has been seeking foreclosures of Indian government assets abroad by pursuing legal cases in Canada, France and the US.
Dewa’s shareholders have been permitted by the Canadian court in Quebec Province to seize 50% of Indian water funds, estimated at around $ 23 million, lying with the Global Airlines Body IATA and also getting a French court order to freeze the luxury apartment in Paris accommodate representatives of Indian and valuable missions 3.8 million euros.
Air India moved US tribes to prevent Devas demand the recovery of the $ 1.2 billion arbitration award
