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This is an archive article published on February 22, 2006

Airport deal subject to HC final order

In an interim direction, the Delhi High Court on Tuesday ruled any equity transfer or agreements reached by Airports Authority of India AAI...

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In an interim direction, the Delhi High Court on Tuesday ruled any equity transfer or agreements reached by Airports Authority of India AAI with private parties for modernisation of Delhi and Mumbai airports will be subject to the court8217;s final verdict on the tender dispute.

A division bench of Justice Thirath Thakur and Justice B.N. Chaturvedi, however, did not grant any stay on the transfer of equity as prayed by the Anil Ambani-owned Reliance Airport Developers. PTI

 

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