Cairn targets Air India again in Indian government legal fight
Scottish energy firm Cairn is again targeting Air India in its legal fight with the Indian government. Cairn won an award of more than $1 billion in a court case against the Indian government which New Delhi has refused to pay.
Cairn had laid claim to the state-run airline’s assets and has petitioned a US court to force Air India to deposit funds as a final court verdict may not be reached until after Air India is sold off. Cairn describes Air India as ‘an alter ego’ of the government and is justified in targeting the airline.
It could potentially seize Air India planes in the US or other jurisdictions outside India.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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