{"id":423371,"date":"2021-06-30T11:25:21","date_gmt":"2021-06-30T05:55:21","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=423371"},"modified":"2021-06-30T12:50:12","modified_gmt":"2021-06-30T07:20:12","slug":"devas-tries-to-seize-foreign-assets-of-air-india","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/devas-tries-to-seize-foreign-assets-of-air-india\/","title":{"rendered":"Devas tries to seize foreign assets of Air India"},"content":{"rendered":"<p>NEW DELHI: Devas Multimedia, a Bengaluru-based company seeking over $1.2 billion it won in international arbitration from the government, has joined Cairn Energy in seeking to seize Air India\u2019s assets abroad. <\/p>\n<p>Calling the flagship airline an \u201calter ego\u201d of the Indian state and therefore liable for the sovereign\u2019s debts, Devas filed a petition in New York asking Air India to pay the amount or forfeit its US property including planes, cargo-handling equipment and artwork. <\/p>\n<p>The move may threaten the government\u2019s much-delayed plans to sell the indebted loss-making carrier and risks denting India\u2019s image as an investment destination.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Devas Multimedia, a Bengaluru-based company seeking over $1.2 billion it won in international arbitration from the government, has joined Cairn Energy in seeking to seize Air India\u2019s assets abroad. Calling the flagship airline an \u201calter ego\u201d of the Indian state and therefore liable for the sovereign\u2019s debts, Devas filed a petition in New York asking Air India to pay the amount or forfeit its US property including planes, cargo-handling equipment and artwork. The move may threaten the government\u2019s much-delayed plans to sell the indebted loss-making carrier and risks denting India\u2019s image as an investment destination.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[220,130,137],"tags":[],"class_list":["post-423371","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-times-of-india","category-newspapers","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/423371","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=423371"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/423371\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=423371"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=423371"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=423371"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}