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Delhi Airport emerges victorious in arbitration, secures refund and payment relief
The Business Guardian
|January 09, 2024
In a recent arbitration decision, Delhi Airport, owned by the GMR Group, resolved a dispute with the state-owned Airport Authority of India (AAI) on revenue sharing during the COVID-19 period. The tribunal ruled in favour of the airport, directing AAI to refund Rs 500 crore and waive a Rs 1,800 crore payment. AAI may challenge the decision.
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