{"id":627218,"date":"2024-01-09T09:38:08","date_gmt":"2024-01-09T04:08:08","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=627218"},"modified":"2024-01-09T10:26:41","modified_gmt":"2024-01-09T04:56:41","slug":"arbitral-tribunal-asks-aai-to-refund-annual-fees-to-adani-owned-mial","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/arbitral-tribunal-asks-aai-to-refund-annual-fees-to-adani-owned-mial\/","title":{"rendered":"Arbitral tribunal asks AAI to refund annual fees to Adani-owned MIAL"},"content":{"rendered":"<p>An arbitral tribunal has asked the Airports Authority of India (AAI) to refund monthly fees taken from Adani group-owned Mumbai International Airport Ltd (MIAL) during the Covid-affected period between March 2020 and February 2022. MIAL, a stepdown subsidiary of Adani Enterprises Ltd (AEL), runs Mumbai airport, which is India\u2019s second-busiest. MIAL had invoked arbitration against the AAI \u201cseeking certain reliefs as eligible to it on account of the occurrence of force majeure event (Covid-19 period) under the Operation, Management and Development Agreement dated April 4, 2006\u201d, AEL said in a statement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An arbitral tribunal has asked the Airports Authority of India (AAI) to refund monthly fees taken from Adani group-owned Mumbai International Airport Ltd (MIAL) during the Covid-affected period between March 2020 and February 2022. MIAL, a stepdown subsidiary of Adani Enterprises Ltd (AEL), runs Mumbai airport, which is India\u2019s second-busiest. MIAL had invoked arbitration against the AAI \u201cseeking certain reliefs as eligible to it on account of the occurrence of force majeure event (Covid-19 period) under the Operation, Management and Development Agreement dated April 4, 2006\u201d, AEL said in a statement.<\/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":[135,167,130],"tags":[],"class_list":["post-627218","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/627218","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=627218"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/627218\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=627218"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=627218"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=627218"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}