Subramanian Swamy, President, Janta Party has challenged the proposed Joint Venture (JV) between AirAsia Berhad, Tata Sons Ltd and Arun Bhatia of Telestra Tradeplace Pvt. Ltd., AirAsia India, in the Supreme Court of India (SC), as per a Business Standard report. In a 60-page Public-Interest Litigation (PIL), he has sought cancellation of the Foreign Investment Promotion Board?s (FIPB) clearance to the airline. The matter will be discussed in the SC on Monday.
Swamy argues illegalities in the deal and that on the back of pressure from the Ministry of Commerce and Industry, the Ministry of Civil Aviation decided not to push its contention on allowing Foreign Direct Investment (FDI) in new JVs. In March, the FIPB cleared a proposal to launch the airline.
Source: http://www.travelbizmonitor.com/janta-party-president-files-pil-in-sc-seeking-cancellation-of-fipb-nod-to-airasia-india-21142
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