{"id":16634,"date":"2022-01-07T09:00:00","date_gmt":"2022-01-07T03:30:00","guid":{"rendered":"https:\/\/aviationa2z.com\/?p=16634"},"modified":"2022-01-06T23:45:47","modified_gmt":"2022-01-06T18:15:47","slug":"delhi-hc-dismisses-subramanian-swamys-petition-against-disinvestment-of-air-india","status":"publish","type":"post","link":"https:\/\/aviationa2z.com\/index.php\/2022\/01\/07\/delhi-hc-dismisses-subramanian-swamys-petition-against-disinvestment-of-air-india\/","title":{"rendered":"Delhi HC dismisses Subramanian Swamy\u2019s petition against disinvestment of Air India"},"content":{"rendered":"\n

In a major blow to rebel BJP MP Subramanian Swamy<\/strong>, the Delhi High Court has rejected his plea against the proposed disinvestment of Air India <\/a><\/strong>by the govt of India.<\/p>\n\n\n\n

Reportedly, a bench of Justice DN Patel and Justice Jyoti Singh <\/strong>of the Delhi High Court dismissed his plea where he had challenged the sale of Air India to the Tata group <\/strong>alleging irregularities in the process.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Confirming the development, Subramanian Swamy<\/strong> tweeted that he will consider moving. Supreme Court against the High Court order after the same is uploaded by the court. <\/p>\n\n\n\n

At present the Delhi HC informed about the dismissal of the petition orally and the detailed order is being uploaded on the high court website soon.<\/p>\n\n\n\n

After hearing all the concerned parties, the High Court had\u00a0reserved\u00a0the order in the case on January 4th<\/sup>. <\/p>\n\n\n\n

Petitioner Subramaniam Swamy had alleged in the plea that the bid process for disinvestment in the debt-ridden national carrier was arbitrary, corrupt, malafide, unconstitutional and against the public interest.<\/p>\n\n\n\n

He had also alleged that the entire process was rigged in favour of Tata Sons.<\/p>\n\n\n\n

\"In<\/figure>\n\n\n\n

The Rajya Sabha MP had sought to revoke all actions and decisions related to the Air India disinvestment process. <\/p>\n\n\n\n

He had also sought CBI investigation into the role and functioning of authorities in the process, saying that a detailed probe report should be submitted to the court.<\/p>\n\n\n\n

\"In<\/figure>\n\n\n\n

However, he had clarified that he is not against disinvestment, but only against the process used in the process under which Tata Sons was selected as the winning bidder. <\/em><\/p>\n\n\n\n

\u201cI am in the favour of disinvestment. I have always believed in the idea of the open market,\u201d <\/em>he had told High Court.<\/p>\n\n\n\n

Subramanian Swamy \u2019s petition – Delhi HC<\/h2>\n\n\n\n

According to Swamy, the other bidder in the process, SpiceJet, was actually not eligible to bid . Because of an insolvency process for the airline is ongoing in Madras HC. Therefore Tata was the only bidder, and the bidding can\u2019t take place in such a situation.<\/p>\n\n\n\n

\"In<\/figure>\n\n\n\n

However, the centre had opposed the plea, saying that disinvestment is a policy decision. <\/p>\n\n\n\n

Appearing for Centre, Solicitor General Tushar Mehta had said that. Air India is in continuous losses, and the govt can\u2019t afford more losses. <\/p>\n\n\n\n

Tata Sons had also opposed the plea, saying the winning bidder is a 100% Indian company.<\/em><\/p>\n\n\n\n

In October last year, Talace Pvt Ltd, a wholly-owned subsidiary of Tata Sons. Pvt Ltd, was\u00a0selected\u00a0as the winning bidder to acquire loss-making Air India. <\/p>\n\n\n\n

The EV quote by Talace was Rs 18,000 crores, which includes debt of Rs 15,300 crores and a cash component of 2700 crores.<\/pre>\n\n\n\n
Stay tuned and updated with Aviationa2z.<\/p>\n","protected":false},"excerpt":{"rendered":"
In a major blow to rebel BJP MP Subramanian Swamy, the Delhi High Court has rejected his plea against the proposed disinvestment of Air India<\/p>\n","protected":false},"author":2,"featured_media":16648,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6761],"tags":[82,5055,5057,446,5056,583],"class_list":{"0":"post-16634","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news","8":"tag-air-india","9":"tag-delhi-hc","10":"tag-jyoti-singh","11":"tag-spicejet","12":"tag-subramanian-swamy","13":"tag-tata"},"_links":{"self":[{"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/posts\/16634","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/comments?post=16634"}],"version-history":[{"count":1,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/posts\/16634\/revisions"}],"predecessor-version":[{"id":16651,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/posts\/16634\/revisions\/16651"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/media\/16648"}],"wp:attachment":[{"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/media?parent=16634"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/categories?post=16634"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/tags?post=16634"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}