Supreme Court: Uncrystallized Contractual Damages Not an Operational Debt under Section 9 IBC  ||  Supreme Court: Interest Accrued in Suspense Account After NPA Classification is Recoverable as Debt  ||  Supreme Court: S.69 GST Arrest Order with “Reasons to Believe” Must Precede Arrest  ||  Supreme Court: Winding-Up Proceedings Period Cannot be Excluded under Section 14 Limitation Act  ||  Supreme Court: Separate Appeals Unnecessary Against Common Judgment on Suit and Counterclaim  ||  Supreme Court: Unsuccessful Party Can Seek Post-Award Section 9 Relief in Exceptional Cases  ||  Delhi HC Rejects Black Money Act Challenge, Imposes Rs. 60,000 Costs over Prosecution Avoidance  ||  Delhi HC Affirms Teacher's POCSO Conviction, Urges Schools to Encourage Children to Speak Up  ||  Kerala HC: NGO Funding Peaceful Protests Can't Justify FCRA Renewal Denial  ||  Delhi HC: Courts Cannot Judge Sufficiency of Material For Issuing Look Out Circular    

Approval of plan for transfer of assets by Air India Limited to AI Assets Holding Limited- (Ministry of Finance ) (25 Jan 2022)

MANU/NMIC/0021/2022

Commercial

The Central Government hereby approves the following as plan approved by the Central Government for transfer of assets by Air India Limited to AI Assets Holding Limited:

1. The Restated Framework Agreement entered into by and between Air India Limited ("AI") and AI Assets Holding Limited (formerly known as Air India Assets Holding Limited) ("AIAHL") dated 05 January 2022;

2. The Framework Agreement entered into by and between AI and AIAHL dated 23 November 2020 (to the extent not substituted by the Restated Framework Agreement dated 05 January 2022),

3. The Share Purchase Agreement dated 25 October 2021 executed for the strategic disinvestment of AI (to the extent of the transactions agreed between AI and AIAHL); and

4. any agreement or instrument entered into to give effect the foregoing.

in each case including transactions agreed therein but completed post AI ceasing to be a public sector company.

Tags : APPROVAL   TRANSFER   ASSETS  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved