Subramanian Swamy's Put Allegation on TATA sons and Air India Disinvestment Process

On Tuesday, the Delhi High Court heard a plea filed by Rajya Sabha MP Subramanian Swamy seeking to stop Air India's disinvestment process.
Subramanian Swamy's Put Allegation on TATA sons and Air India Disinvestment Process

Subramanian Swamy's Put Allegation on TATA sons

Image Credit: PGurus

On Tuesday, the Delhi High Court heard a plea filed by Rajya Sabha MP Subramanian Swamy seeking to stop Air India's disinvestment process. During this time, Subramanian Swamy accused the disinvestment process of corruption and rigging. In this case, the court has deferred its judgment. It will be told on January 6th.

He is not opposed to disinvestment during this time

Swamy's case was considered by a court consisting of Chief Justice DN Patel and Justice Jyoti Singh. Subramanian Swamy stated that he is not opposed to disinvestment during this time. I support disinvestment, he said. I've always been a proponent of free markets. In the entire process, I have simply raised the subject of impropriety. During the hearing, Subramanian Swamy stated that a thorough discussion of Air India's disinvestment process is required. This is affected the entire country.

<div class="paragraphs"><p>Subramanian Swamy's Put Allegation on TATA sons</p></div>

Subramanian Swamy's Put Allegation on TATA sons

Image Credit: BS

Subramanian Swamy has also requested a CBI investigation

Swamy has asked the authorities to stop taking any further action, decision, approval, or license in respect to the current Air India disinvestment process. Subramanian Swamy has also requested a CBI investigation into the officers' function and conduct, as well as a full report before the court, in the plea filed through counsel Satya Sabarwal.

Company would sell 100 percent ownership in its low-cost

On October 25 of last year, the government approved the acquisition of Air India by accepting an offer from a Tata Sons subsidiary. Along with Air India, the company would sell 100 percent ownership in its low-cost carrier, Air India Express. In addition, the Tata Group would receive a 50% share in its ground handling company, AISATS.

<div class="paragraphs"><p>Subramanian Swamy's Put Allegation on TATA sons</p></div>

Subramanian Swamy's Put Allegation on TATA sons

Image Credit: Times Now

This agreement is not in the country's best interests

Let us remind you that Subramanian Swamy has been fighting the government's decision to divest Air India for the past two years. Along with the government's announcement, he tweeted, "This agreement is not in the country's best interests. By doing so, I am compelled to appear in court. We are unable to sell a member of our family in this manner."

<div class="paragraphs"><p>Subramanian Swamy's Put Allegation on TATA sons</p></div>
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