Even then it was said that the ramifications of such decisions would be very bad. Now another fresh case has come to the fore. A Canadian court has approved the confiscation of assets of Indian airlines Air India and Airport Authority of India in the state of Quebec as well as internationally.
The second term of the erstwhile UPA government will be remembered for several wrong decisions and an atmosphere of prudence created during that time in the name of anti-corruption movement. The pressure created by that environment was also behind many wrong decisions. One such decision was the cancellation of the Davas deal. Even then some prudent people had said that such decisions would have far-reaching effects. We have seen many such effects of this. Now another fresh case has come to the fore. A Canadian court has approved the confiscation of assets of Indian airlines Air India and Airport Authority of India (IATA) in the country’s Quebec province and internationally as well. This news has now come to the fore that 24 November and 21 In December, the Superior Court of Quebec issued two separate orders. It has been shown in these orders that IATA, the organization governing airports in India. 68 million dollars (50 properties worth more than Rs. Apart from this, the assets of Air India have also been attached., The real price of which has not been made public yet. But according to reports, representatives of Devas’ shareholders have said that they have confiscated more than $30 million worth of India’s assets.
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The Arbitration Court of the International Chamber of Commerce 2011 in a satellite agreement with Antrix Corp. 1.3 Billion dollar compensation has also been ordered to be given to Davas. Antrix Corp is the business arm of the Indian Space Research Institute (ISRO). The company’s foreign partners have filed a complaint against India against the US., Lawsuits were filed in Canada and many other places. He accused India of not fulfilling the terms of the agreement. Earlier, Cairn, a company working in the oil and gas sector in India, was 2020 The Permanent Court of Arbitration at The Hague in 1.2 was declared entitled to damages in excess of one billion dollars. This matter is related to the decision of the UPA government before imposing tax from the past. The lesson is that in India the terms and conditions are not cared for., There are rules in the world to implement them. Violation of those laws sooner or later proves costly.
