05 January 2022
A Canadian court is reported to have authorsed the seizure of assets belonging to the Airport Authority of India and Air India held with the International Air Transport Association (IATA) in the Quebec province and internationally, in a long-running legal battle between of satellite maker Devas Multimedia and Indian space authorities.
In two separate orders, he Superior Court of Quebec on 24 November and 21 December ordered seizure of assets of the Indian airport operator AAI worth around $6.8 million held by the IATA.
While the value of the confiscated Air India assets wasn’t immediately available, the court order comes as a key victory for…