Friday, February 21, 2014

SC rejects plea against Tata-AirAsia deal

New Delhi: The Supreme Court on Friday refused to pass any interim order on a plea seeking to restrain the Centre from granting further approvals to operationalise the USD 30 million deal between Tata Sons and Malaysia-based AirAsia.
A bench comprising justices B.S. Chauhan and A.K. Sikri, however, made it clear that the Centre’s decision on the joint venture will be “subject to the outcome of the case pending in the Delhi High Court.”
It also asked the high court to decide the PIL, filed by BJP leader Subramanian Swamy, as early as possible without being influenced by observations made by the high court while dismissing his two interim pleas on the issue.
Dr. Swamy has moved the apex court against the February 11 order of the high court by which his two interim applications seeking a stay on grant of further approvals to operationalise the deal were rejected.
The high court, which has fixed the PIL for hearing on March 5, had said that the Centre was not “precluded” from “amending or clarifying” its FDI policy on aviation sector.
21/02/14 PTI/The Hindu 
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