Ananjan Mitter, partner at ALMT Legal, a law firm, has represented Air Charter Service in the venture's application to the Foreign Investment Promotion Board, a key wing in the finance ministry that vets foreign direct investments proposals of companies.
If the developers continue to express inability to pay, buyers should file a petition in the SC and request it to initiate proceedings under Article 142 of the Constitution
Apart from the main company, five of Air India's subsidiaries and a joint venture firm have been included in the strategic sale plan.
The judiciary has started going beyond the technicalities of the agreements and awarding compensation to buyers.
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