New Delhi: The Delhi High Court on Tuesday refused to suspend the operationalisation of deal between Tata Sons and Malaysia-based AirAsia to create a low-cost airline in India.
Chief Justice N.V. Ramana and Justice Rajiv Sahai Endlaw, refusing to grant interim suspension of operationalisation of the $30 million deal, said: "We are not inclined to grant interim relief. However, we are granting expeditious hearing of the case."
The court has posted the plea of Bharatiya Janata Party leader Subramanian Swamy for March 6.
The government March 26 last year approved AirAsia's proposal to set up a new airline in India in partnership with the Tata Group and the Arun Bhatia-promoted Telestra Tradeplace.
11/02/14 IANS
To Read the News in full at Source, Click the Headline
Chief Justice N.V. Ramana and Justice Rajiv Sahai Endlaw, refusing to grant interim suspension of operationalisation of the $30 million deal, said: "We are not inclined to grant interim relief. However, we are granting expeditious hearing of the case."
The court has posted the plea of Bharatiya Janata Party leader Subramanian Swamy for March 6.
The government March 26 last year approved AirAsia's proposal to set up a new airline in India in partnership with the Tata Group and the Arun Bhatia-promoted Telestra Tradeplace.
11/02/14 IANS
