{"id":427100,"date":"2021-07-23T11:32:43","date_gmt":"2021-07-23T06:02:43","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=427100"},"modified":"2021-07-23T11:32:43","modified_gmt":"2021-07-23T06:02:43","slug":"no-likely-impact-of-cairn-and-devas-lawsuits-on-air-india-disinvestment-process-govt","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/no-likely-impact-of-cairn-and-devas-lawsuits-on-air-india-disinvestment-process-govt\/","title":{"rendered":"No likely impact of Cairn and Devas lawsuits on Air India disinvestment process: Govt"},"content":{"rendered":"<p>Air India is a separate corporate entity with its own management and board so there is \u201cno likely impact\u201d on its ongoing disinvestment process due to the lawsuits filed by Cairn Energy and Devas Multimedia in the US court, Minister of State for Civil Aviation VK Singh said on Thursday.<\/p>\n<p>Cairn Energy and Devas Multimedia, respectively, are seeking USD 1.725 billion and USD 1.2 billion \u2014 which they won in international arbitrations \u2014 from India.  \u201cCairn Energy and Devas Multimedia have filed lawsuits in the United States District Court for Southern District of New York seeking declaratory and money judgement against Air India Limited as an alter ego of the Republic of India,\u201d Singh said in a written reply to a question in Lok Sabha.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Air India is a separate corporate entity with its own management and board so there is \u201cno likely impact\u201d on its ongoing disinvestment process due to the lawsuits filed by Cairn Energy and Devas Multimedia in the US court, Minister of State for Civil Aviation VK Singh said on Thursday. Cairn Energy and Devas Multimedia, respectively, are seeking USD 1.725 billion and USD 1.2 billion \u2014 which they won in international arbitrations \u2014 from India. \u201cCairn Energy and Devas Multimedia have filed lawsuits in the United States District Court for Southern District of New York seeking declaratory and money judgement [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[196,130,138],"tags":[],"class_list":["post-427100","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/427100","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=427100"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/427100\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=427100"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=427100"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=427100"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}