Air India Disinvestment: Madras High Court Asks Centre To Produce Share Purchase Agreement
2 years, 11 months ago

Air India Disinvestment: Madras High Court Asks Centre To Produce Share Purchase Agreement

Live Law  

In a plea preferred by one of the trade unions of Air India against its disinvestment, the Madras High Court has directed the Central government to produce the contentious share purchase agreement before the court.Justice V. Parthiban took note of the petitioner's argument that the share purchase agreement is instrumental in deciding the case that involves high stakes for all. In a plea preferred by one of the trade unions of Air India against its disinvestment, the Madras High Court has directed the Central government to produce the contentious share purchase agreement before the court. When the matter was taken up, Senior Advocate R. Vaigai appearing for the Employees Union submitted that the Government of India has not provided the share purchase agreement that constitutes the crux of the matter. Background Air Corporation Employees Union, which claimed to be the largest trade union of Air India Limited with a membership of over 5,000 employees, had moved the Madras High Court seeking to restrain the Central Government from proceeding further with the process of disinvestment of Air India until steps are taken to protect the rights of the national carrier's staff.

India Court Employees Union Disinvestment Agreement High Matter Madras High Court Share Purchase Share Purchase Agreement  asks  madras  share  purchase  court  high  matter  disinvestment  union  employees  produce  centre  agreement  india

History of this topic

Madras HC rejects Air India employees' union plea against disinvestment
2 years, 9 months ago

Madras HC rejects Air India employees' union plea against disinvestment

Op India  

On Friday, the Madras High Court dismissed a plea filed by the Air Corporation Employees Union seeking directions to the Central government to protect their rights and service conditions before the government proceeds with Air India’s disinvestment and privatisation. According to reports, the Madras High Court has said that it is fully convinced that the centre has protected the Air …

'Air India Was A Sinking Company, Interests Of Employees Protected': Madras High Court Dismisses Plea Against Disinvestment
2 years, 9 months ago

'Air India Was A Sinking Company, Interests Of Employees Protected': Madras High Court Dismisses Plea Against Disinvestment

Live Law  

Madras High Court has dismissed a plea filed by the Air Corporation Employees Union challenging Air India disinvestment, who feared that certain terms and conditions of service enjoyed by the employees under the erstwhile public sector management will be severely affected. "Considering the fact that Air India Ltd prior to the disinvestment initiative was a sinking company, a. Madras High …

Air India sale: HC scraps Swamy’s plea challenging divestment process
3 years ago

Air India sale: HC scraps Swamy’s plea challenging divestment process

Hindustan Times  

New Delhi: The Delhi high court on Thursday dismissed Bharatiya Janata Party Rajya Sabha member Subramanian Swamy’s plea seeking to set aside the Air India disinvestment process, saying that the valuation of the national carrier saw keen competition and was not tailor made or rigged in favour of the Tatas. In October last year, the Centre accepted the highest bid …

Air India Disinvestment Saw Keen Competition, Not Rigged In Favour Of Tata Group: Delhi High Court In Subramaniam Swamy's Plea
3 years ago

Air India Disinvestment Saw Keen Competition, Not Rigged In Favour Of Tata Group: Delhi High Court In Subramaniam Swamy's Plea

Live Law  

The Delhi High Court has held that the bidding process for disinvestment of then national airline, Air India, was not rigged in favour of the Tata Group.A Division Bench of Chief Justice DN Patel and Justice Jyoti Singh observed that the bidding process saw keen competition with seven Expression of Interests and two bidders, and it cannot be said that …

Delhi High Court Reserves Order On BJP MP Subramanian Swamy's Challenge Against Air India Disinvestment Process
3 years ago

Delhi High Court Reserves Order On BJP MP Subramanian Swamy's Challenge Against Air India Disinvestment Process

Live Law  

The Delhi High Court today reserved order on the PIL filed by Rajya Sabha MP Subramanian Swamy, seeking to quash the Air India disinvestment process.The division bench comprising of Chief Justice DN Patel and Justice Jyoti Singh directed both Swamy and Solicitor General Tushar Mehta appearing for the Union Government, to file written notes by tomorrow. The Delhi High Court …

Air India Disinvestment: Madras High Court Grants Interim Relief To Employees' Union For Retention Of Accommodation, Medical Facilities
3 years, 1 month ago

Air India Disinvestment: Madras High Court Grants Interim Relief To Employees' Union For Retention Of Accommodation, Medical Facilities

Live Law  

An employee's Union has moved the Madras High Court seeking to restrain the Central Government from proceeding further with the process of disinvestment of Air India, until steps are taken to protect the rights of the national carrier's staff. Justice V Parthiban on Friday, granted interim relief and restrained the Civil Aviation Ministry from evicting the members of the Petitioner …

Air India deal: Centre signs share purchase agreement with Tata Sons for Rs 18,000 cr
3 years, 2 months ago

Air India deal: Centre signs share purchase agreement with Tata Sons for Rs 18,000 cr

Firstpost  

The government is divesting its 100 percent ownership of Air India and Air India Express along with its 50 percent stake in ground-handling company AISATS New Delhi: The government on Monday signed the share purchase agreement with Tata Sons for the sale of national carrier Air India for Rs 18,000 crore. “Share Purchase Agreement signed today by Government with Tata …

Discover Related