New Delhi: Cairn Energy’s move to sue Air India (AI) in a US court to force recovery of the $1.2-billion international arbitration award it won is unlikely to have any impact on the privatisation of the state-run airline, a top government official said on Monday, asserting that all efforts were being made to stick to the deadline of inviting financial bids by September.
“As such there is no impact on Air India privatisation. The government of India is defending the case and we are confident that it will have no impact on the disinvestment process,” the department of investment and public asset management (Dipam) official, who did not wish to be named, told TOI.
The assessment is that
is seeking to put pressure on the Centre to withdraw the review of the arbitration panel award.
