With Tatas now, not alter ego of govt: A-I to US court; Devas says still liable to pay

Air India, being bought by the Tata Group, has approached a US federal court and sought a stay on efforts by foreign investors in Bengaluru start up Devas Multimedia Pvt Ltd to attach the assets of the public sector carrier as part of efforts to recover compensation awards made against state-run ISRO’s commercial arm, Antrix Corporation, over a failed 2005 Devas-Antrix satellite deal.

Air India has moved the US court for southern district of New York to stay and dismiss efforts by three Mauritius-based investors in Devas Multimedia and German telecom major Deutsche Telekom to identify Air India as an alter ego of the Government of India to recover compensation awards made by international tribunals against ISRO’s Antrix Corp over the failed 2005 satellite deal.