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In a Win for Devas Shareholders, Canada Court Orders Seizure of Air India, AAI Assets Over Dues

Two separate orders passed by the Superior Court of Quebec on November 24 and December 21 show that assets of the Indian airport operator worth around $6.8 million held by the IATA have been seized. The value of the confiscated Air India assets wasn’t immediately available, but representatives of the shareholders said they have seized more than $30 million in India-owned assets to date under the orders of the Canadian court.

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