The Centre-run Airports Authority of India (AAI) said it is seeking legal recourse to defend a Canadian court order that allowed shareholders of Dewas Multimedia to pay more than USD 30 million of AAI held by the International Air Transport Association. The amount has been allowed to be forfeited. (IATA). In a statement, an AAI spokesperson said: “AAI has not been ordered by the Quebec Court, Canada in this matter. However, IATA has requested AAI to suspend the transfer of the amount collected on behalf of AAI.” But shared some documents.
“AAI is taking legal recourse to defend itself from the impugned order,” the spokesperson said. In a statement on Monday, a spokesperson for Dewas Multimedia said that the amount held by global airlines body IATA, on behalf of AAI, has been forfeited by the shareholders of Dewas Multimedia following a Canadian court order. .
On October 27, 2020, A US court asked Antrix Corporation, the commercial arm of the Indian Space Research Organization (ISRO), to pay USD 1.2 billion in compensation to Bengaluru-based startup Devas Multimedia for quashing a satellite deal. Speaking about the case in a Canadian court in 2011, a Dewas Multimedia spokesperson stated that the company’s shareholders have held all moneys or movable assets in India “and/or being held by AAI…IATA” or So sought the right to confiscate in his head office. “On behalf of India and/or AAI” in Montreal or at any of its worldwide branches.
“In a major update – in the case of Devas Multimedia – Devas shareholders have been granted the right to garnish AAI-related assets held by IATA in Montreal,” a company spokesperson said. This new enforcement strategy requires IATA to hold, among other things, air navigation fees and aerodrome fees held by it at its head office in Montreal or any of its branches around the world, the spokesperson noted.
Also read: SpiceJet flight to Delhi takes off from runway without ATC clearance
The spokesperson said: “These actions represent the first fruits of a globally focused effort to attach the assets of the Government of India to satisfy the rewards of Dewas Multimedia.” According to a company spokesperson, more than USD 30 million has been seized so far under the IATA action. IATA assists AAI in collecting fees such as air navigation charges from foreign airlines.
According to a Dewas Multimedia spokesperson, the Canadian court found that “AAI is India, in so far as it is a part of the State of India inseparable from India or the alter ego of India”. “Consequently, an order from this Honorable Court, recognizing and declaring treaty awards enforceable in Quebec, may be executed on the property of the AAI,” the court said.
Matthew D. McGill, partner at Gibson, Dun & Crutcher, and lead attorney for several of Dewas Multimedia’s shareholders, said, “We will pursue the Indian government in courts around the world to satisfy Dewas’ debt. Our actions in Canada have resulted in Dewas.” Millions of dollars have been embellished by U.S. shareholders and represents the first fruits of a globally focused effort to be paid for.”
In accordance with an agreement signed in January 2005, Antrix agreed to build, launch and operate two satellites and to provide 70 MHz of S-band spectrum to Dewas, which would later be used for hybrid satellite and terrestrial communication services across India. was planned to be used to offer. The agreement was terminated by Antrix in February 2011. In June 2011, Dewas initiated arbitration proceedings under the International Chamber of Commerce’s Rules of Arbitration.
In September 2015, the arbitration tribunal asked the commercial arm of ISRO to pay USD 672 million. In his order on October 27, 2020, U.S. District Judge Thomas S. Zilly of the Western District of Seattle, Washington, asked Antrix Corporation to pay Dewas Multimedia Corporation USD 562.5 million in compensation and the associated interest rate, which is the total amount. of USD 1.2 billion.
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}
});
if(lastHeight + last.height() < $(document).scrollTop() + $(window).height()){
//console.log("**get");
url = $(next_selector).attr('href');
x=$(next_selector).attr('id');
//console.log("x:" + x);
//handle.autopager('load');
/*setTimeout(function(){
//twttr.widgets.load();
//loadDisqus(jQuery(this), disqus_identifier, disqus_url);
}, 6000);*/
}
//lastoff = last.offset();
//console.log("**" + lastoff + "**");
});
//$( ".content-area" ).click(function(event) {
// console.log(event.target.nodeName);
//});
/*$( ".comment-button" ).live("click", disqusToggle);
function disqusToggle() {
var id = $(this).attr("id");
$("#disqus_thread1" + id).toggle();
};*/
//$(".main-rhs2425246").theiaStickySidebar();
var prev_content_height = $(content_selector).height();
//$(function() {
var layout = $(content_selector);
var st = 0;
///});
}
}
});
/*}
};*/
})(jQuery);
,