South African investor in Mumbai Airport moves SC in dispute with GVK
MUMBAI: Airport Company South Africa, a minority partner in Mumbai International Airport, has approached the Supreme Court to challenge arbitration proceedings majority partner GVK Airports Holdings has initiated against it for alleged breach of the shareholder’s agreement.
ACSA wants a person of its choice, or someone appointed by the top court, to be nominated to the three-member arbitral tribunal that GVKNSE 1.03 % has approached, people privy to the development told ET.
A three-member bench headed by Chief Justice of India SA Bobde has directed GVK, MIAL and Airport Authority of India to file their responses to the South African firm’s petition.
