Investors in Devas Multimedia have in a written submission to a US court said that the sale of Air India to the Tata Group does not impact their petition to seek seizure of the national carrier’s assets to enforce an arbitration award the satellite maker has won against India.
In a letter to judge Paul G Gardephe of the US District Court for the Southern District of New York, the shareholders argued against Air India’s motion to dismiss the petition and claimed that the Tatas would inherit liabilities of India and Air India.
