Quebec court reserves order on AAI/AI plea
The Hindu
The Quebec Superior Court has reserved orders on a plea by the Airports Authority of India (AAI) and Air India (AI) to quash a the court’s order allowing Devas shareholders’ seizure of $30 million wo
The Quebec Superior Court has reserved orders on a plea by the Airports Authority of India (AAI) and Air India (AI) to quash a the court’s order allowing Devas shareholders’ seizure of $30 million worth of their assets in the country.
Earlier this week, Devas shareholders said they had been granted permission by a Quebec court to garnish property belonging to AAI and AI held by the International Air Transport Association (IATA) in Montreal. This included $17.3 million in ticketing revenue of AI and $12.76 million of air navigation and aerodrome charges international airlines owe to AAI.
After the intervention of Air India’s counsel in Canada, the Quebec Superior Court heard the applications to quash and stay the garnishing order on January 4 and January 5. The court has reserved its decision, which is likely by the end of this week, multiple sources said.
Meta Chief Executive Mark Zuckerberg is building a CEO agent to help him do his job, the Wall Street Journal reported
Insurance penetration and density are often misunderstood and do not reveal how many families are insured or whether they would be financially secure if the main earning member were to die. The real issue is not reach but adequacy, as households may have life insurance but not enough cover to replace lost income, leaving them financially vulnerable.
Five top firms lose ₹1 lakh crore in market value, with HDFC Bank experiencing the largest decline of ₹56,124.48 crore.
L&T confirms 95% of its West Asia project sites are safe, while addressing logistics challenges amid ongoing regional conflicts.
Mines Ministry to auction 19 critical mineral blocks on March 23, expanding strategic resources for clean energy and technology sectors.
Mines Ministry to auction 19 critical mineral blocks on March 23, expanding strategic resources for clean energy and technology sectors.
Five top firms lose ₹1 lakh crore in market value, with HDFC Bank experiencing the largest decline of ₹56,124.48 crore.
HDFC Bank terminates three senior officials over client onboarding issues at its DIFC branch amid ethical concerns following chairman's resignation.
Air India CEO warns of potential flight cuts and reduced travel demand due to rising fuel costs amid ongoing Gulf conflict.
Options are widely used by retail traders to speculate on the value of the stock for immediate gains and such behaviour in large scale can distort the market
India achieves 1 billion tonne coal production for the second consecutive year, ensuring stable energy supply and economic growth.
Generic drugmakers in India launch affordable Semaglutide versions, targeting a $1 billion diabetes and weight loss market.
Indian and Asian refiners eye Iranian oil purchases as U.S. waives sanctions amid energy crisis linked to the Iran-Israel war.