Air India Ltd is seeking to end a case filed by Devas Multimedia Pvt in a US court, arguing a recent change in ownership of the carrier prevents demands over recovery of arbitration awards.
Devas is demanding $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.
