Subramanian Swamy moves Delhi HC seeking to set aside Air India disinvestment process
New Delhi, Jan 3: BJP leader Subramanian Swamy has approached the Delhi High Court seeking to quash the Air India disinvestment process and set aside the approvals given to it by authorities.
A bench of Chief Justice D N Patel and Justice Jyoti Singh is scheduled to hear the petition on Tuesday.
Swamy, a Rajya Sabha MP, has sought to set aside and revoke any action or decision or grant of any further approvals, permissions or permits by the authorities with respect to the present Air India disinvestment process.
Swamy, through advocate Satya Sabarwal, has also sought for a CBI investigation into the role and functioning of authorities and submission of a detailed report to the court.
In October last year, the central government accepted the highest bid made by a Tata Sons company for 100 per cent equity shares of Air India and Air India Express along with its 50 per cent stake in ground-handling company AISATS -- the first privatisation in 20 years.
On October 25 last year, the government had signed the share purchase agreement with Tata Sons for the sale of national carrier Air India for Rs 18,000 crore. Tatas would pay Rs 2,700 crore cash and takeover Rs 13,500 crore of the airline's debt.
Tatas beat the Rs 15,100 crore offer by a consortium led by Spicejet promoter Ajay Singh and the reserve price of Rs 12,906 crore set by the government for the sale of its 100 per cent stake in the loss-making carrier.
As of August 31, 2021, Air India had a total debt of Rs 61,562 crore. 75 per cent of this debt or Rs 46,262 crore will be transferred to a special purpose vehicle AIAHL before handing over the airline to the Tata group.
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Navdeep Singh's silver upgraded to gold in men's javelin throw F41 at Paralympics
Paris, Sep 7: India's Navdeep Singh's silver medal was upgraded to gold after Iran's Beit Sayah Sadegh was disqualified following a dramatic men's javelin throw F41 final at the Paris Paralympics on Saturday.
This is India's first-ever gold medal in the men's javelin F41 category.
Starting the competition with a foul, the 23-year-old para-athlete from Haryana, who had finished fourth at the Tokyo Games three years ago, came up with a throw of 46.39 metres in his second attempt, propelling him to the second place. But it was his third throw that electrified the stadium.
With a monstrous throw of 47.32 metres, Navdeep shattered the Paralympic record and surged into lead, only for Sadegh to better the Indian's mark and clinch the gold with a record-breaking effort of 47.64 metres in his fifth attempt.
However, the Iranian was disqualified some time after the end of the final, leading to the Indian athlete taking the top spot.
The F41 category is for athletes, who are of short stature.
