Permission granted by the Superior Court of Quebec to seize Indian assets in Canada

- Davas Multimedia's victory over India in legal battle: Earlier India also lost against Cairn Energy (France): Seizure of 40 of its assets was ordered

New Delhi: Canada's Superior Court of Quebec has approved the seizure of assets of Air India and the Airports Authority of India. This is a huge legal victory for satellite company Dewal. India had a 10-year legal dispute with Davas Multimedia Company. According to a media report, on 9 November. And as per the separate judgment of 31st December, the assets of IATA, the operator of aviation houses in India, worth ૬૮ 3 lakh (over Rs. 200 crore) were confiscated. Besides, the assets of Air India were also seized. The value of which is still unknown, but representatives of Davas shareholders said they had seized more than ૩ 50 million worth of Indian assets.

In addition, the Bangalore-based Davas branch had sought ડો 1.5 billion in damages from ISRO's own company Antrix Corps in 2011 for breach of an agreement on satellite design. He had to give.

Cairn Energy won a similar case in France last year. A French tribunal had in July last year ordered the freezing of about 50 Paris-based properties belonging to the Indian government. The Cairn Company was engaged in oil exploration in India. In December 2020, the Permanent Court of Arbitration (PCA) in The Hague ordered India to pay કંપની 1.5 billion. After this, India changed its tax law. Its purpose was to settle billions of dollars in disputes with foreign companies.