In the corporate battle for Mumbai airport, the Abu Dhabi Investment Authority (ADIA), the National Investment and Infrastructure Fund (NIIF), and Canada’s Public Sector Pension Investment Board (PSP) served a legal notice to the GVK group in August. Their contention was that the 74 per cent stake sale in the airport to the Adani group would qualify as a breach of an agreement these investors had signed with GVK, the airport operator, last year.
Should there be a legal battle, which party has a stronger legal case is arguable. But there should be no dispute about the jurisdiction of the