Shareholders Seeking To Enforce $120M Award Against India Say Airline Is Alter Ego

(July 9, 2021, 3:07 PM EDT) -- NEW YORK — A group of Mauritian investors in an Indian company on June 28 filed a complaint seeking a declaration that an Indian state-owned airline is an “alter ego” of India against whom they can seek to enforce a Permanent Court of Arbitration (PCA) arbitral award worth more than $120 million for India’s abrupt termination of a satellite spectrum contract, which they are separately seeking to confirm in a District of Columbia federal court....