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Gati Ltd wins Arbitration Award Against Air India-Business Standard


Monday, 23 Sep 2013 08:39am EDT 

Business Standard reported that Air cargo and logistics firm Gati Ltd has won INR268.2 million arbitration award against Air India in a dispute related to the airline's dedicated freighter service. The Arbitral Tribunal, presided by Justice (Retd) R C Lahoti passed its verdict in the matter. In May 2007, Gati partnered with Air India for dedicated freighter service. Due to certain dispute the service had to be discontinued from March 2009. The matter was referred to Arbitration for adjudication of disputes between Air India and Gati. The Arbitral Tribunal in its recent order directed Air India to pay a net sum of INR268.2 million towards claims, damages, interest and costs. Air India will be liable to pay 18% interest in case it fails to make the payment. 

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24 Dec 2014