Business Standard

Devas Multimedia: Air India seeks to end $1.2-bn US case citing new owner

Devas demands $1.2 billion from the Indian government after winning three international arbitration awards over a scrapped telecommunications deal with a state-run firm.

Air India, aircraft, flights
Premium

Air India

Upmanyu Trivedi | Bloomberg
Air India Ltd. is seeking to end a case filed by Devas Multimedia Pvt. in a U.S. court, arguing a recent change in ownership of the carrier prevents demands over recovery of arbitration awards. 

Devas demands $1.2 billion from the Indian government after winning three international arbitration awards over a scrapped telecommunications deal with a state-run firm. The company is seeking to seize overseas assets of the formerly government-owned flag carrier, which was handed over to Indian conglomerate Tata Sons Pvt. on Thursday, saying the national carrier is an alter ego of the Indian government.

Air India’s filing in a

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 28 2022 | 1:49 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com