Air India sale: HC scraps Swamy’s plea challenging divestment process
New Delhi: The Delhi high court on Thursday dismissed Bharatiya Janata Party (BJP) Rajya Sabha member Subramanian Swamy’s plea seeking to set aside the Air India disinvestment process, saying that the valuation of the national carrier saw keen competition and was not tailor made or rigged in favour of the Tatas.
The court said the plea is “wholly devoid of merit” as the policy decision to disinvest the national carrier was taken after “following transparent procedure through multi-layered decision making”.
In October last year, the Centre accepted the highest bid made by a Tata Sons company for 100% equity shares of Air India and Air India Express, along with the government’s 50% stake in ground-handling company AISATS.
