Turkish company Celebi’s subsidiary has moved the Madras High Court seeking an interim injunction on the Airports Authority of India’s decision to cancel its concession agreement for the Chennai Airport, LiveLaw reported on June 9.
The company is seeking Madras HC intervention over AAI’s cancellation of the concession agreement, after the Bureau of Civil Aviation Security (BCAS) removed its security clearance, it added.
Chennai Airport had cancelled its contract with Celebi Ground Services Chennai on May 26, the report said.
What Celebi argues…
Addressing the Madras HC bench of Justice Abdul Quddhose for Celebi, advocate PS Raman told the court that the company made huge investments for equipments and software, adding that the AAI was attempting to appoint a third parties, who would exploit these tools, the LiveLaw report stated.
(This is a developing story, more updates coming…)