New Delhi: New York-based Interups Inc, which had earlier shown its interest in bidding for national carrier Air India Limited, has now choosen not to submit an expression of interest (EoI), the chairman of the company said on Tuesday ahead of the deadline to submit physical EoIs.
The company had earlier submitted an electronic EoI but decided to not to go ahead with physical EoI.
“Instead of filing we have rather chosen to support the employees who already have filed their bid as we are offered an opinion that filing a separate bid with same affiliation may disqualify the interested bidder and this legal fallacy will leave only one potential bidder,” Laxmi Prasad, the company’s chairman said.
