{"id":423374,"date":"2021-06-30T11:24:24","date_gmt":"2021-06-30T05:54:24","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=423374"},"modified":"2021-06-30T12:49:25","modified_gmt":"2021-06-30T07:19:25","slug":"after-cairn-devas-sues-air-india-to-recover-1-5-billion-award","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/after-cairn-devas-sues-air-india-to-recover-1-5-billion-award\/","title":{"rendered":"After Cairn, Devas sues Air India to recover $1.5 billion award"},"content":{"rendered":"<p>MUMBAI: Shareholders in Devas Multimedia have sued Air India in an effort to recover sums Devas won in arbitration awards against the Indian government and seize its flagship carrier&#8217;s foreign assets, according to a US district court filing.<br \/>\nThe shareholders said Devas and its affiliates were owed more than $1.5 billion by the government. <\/p>\n<p>Describing state-owned Air India as the &#8220;alter ego&#8221; of India, three Devas investors &#8211; Devas (Mauritius) Ltd, Telcom Devas Mauritius Ltd and Devas Employees Mauritius Pvt Ltd &#8211; said in the petition to the US district court for Southern District of New York reviewed by Reuters the airline should be held liable for the country&#8217;s debts and obligations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI: Shareholders in Devas Multimedia have sued Air India in an effort to recover sums Devas won in arbitration awards against the Indian government and seize its flagship carrier&#8217;s foreign assets, according to a US district court filing. The shareholders said Devas and its affiliates were owed more than $1.5 billion by the government. Describing state-owned Air India as the &#8220;alter ego&#8221; of India, three Devas investors &#8211; Devas (Mauritius) Ltd, Telcom Devas Mauritius Ltd and Devas Employees Mauritius Pvt Ltd &#8211; said in the petition to the US district court for Southern District of New York reviewed by Reuters [&hellip;]<\/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-423374","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\/423374","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=423374"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/423374\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=423374"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=423374"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=423374"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}