No violation of FDI norms in approval to set up AirAsia India, Centre tells Delhi High Court
NEW DELHI: The Centre Friday denied in the Delhi High Court that there was any violation of FDI norms while granting approval to low-cost carrier AirAsia (India) Pvt Ltd — a joint venture of Tata Group and Malaysia-based AirAsia Berhad.
The government also opposed BJP leader Subramanian Swamy’s plea seeking stay on AirAsia India’s application for an international flying licence, saying it will take a decision in this regard.
The submissions were made in an affidavit placed before a bench of Chief Justice Rajendra Menon and Justice A J Bhambhani in response to Swamy’s application in which he has alleged that Foreign Direct Investment (FDI) norms were violated while granting approval to set up AirAsia India.
