Business Standard

Sunday, December 22, 2024 | 12:38 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Cairn dispute: Govt sees no threat to privatisation of Air India

Once Air India is sold to private buyer, Cairn's claim will be defeated: Official

Air india
Premium

Only a notice has been issued by the US Court and is yet to be received by Air India, and the airline has 60 days to file its reply.

Nikunj Ohri New Delhi
Cairn Energy’s attempt to sue Air India in the US will not affect the national carrier’s privatisation, which will take off without any disruptions, according to a top government official. The sale of the airline to a private buyer will defeat Cairn Energy’s claim that it is legally indistinct from the sovereign, he said.
 
In the divestment process of a public sector company, legal issues always crop up, and the government is equipped to handle them, the official said. “Cairn Energy is trying to pressurise the government to recover their dues, and trying to conclude that Air India’s assets

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in