Grab that Air India (Indian state owed) aircraft

Law firms acting for Cairn Energy will see Air India aircraft seized if they venture out to any jurisdiction where UK courts can place a seizure order on the same – which is a substantial part of its network. This action follows the ruling that the Indian government breached the 2014 UK-India bilateral investment treaty when tax officials seized Cairn’s 10% stake in its Indian power generation subsidiary. The Indian state now owes Cairn US$1.2bn in damages. It is clear that Indian state-owned assets across the globe are now being assessed and lined-up by law firms acting for Cairn Energy,