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Arbitral tribunal asks AAI to refund annual fees to Adani-owned MIAL

by Editor January 8, 2024, 5:34 pm 2k Views

Business Standard

An arbitral tribunal has asked the Airports Authority of India (AAI) to refund monthly fees taken from Adani group-owned Mumbai International Airport Ltd (MIAL) during the Covid-affected period between March 2020 and February 2022.

MIAL, a stepdown subsidiary of Adani Enterprises Ltd (AEL), runs Mumbai airport, which is India’s second-busiest. MIAL had invoked arbitration against the AAI “seeking certain reliefs as eligible to it on…

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