AirAsia India parents row over sums owed and aircraft leased

Tata Sons will halt payments that AirAsia India (I5, Bangalore Int'l) makes to AirAsia Group if the Malaysian company fails to provide funding to their joint venture by December 31, India’s Economic Times newspaper reported on December 9 citing newly-added clauses in the AirAsia India shareholder agreement. If AirAsia Group cannot inject funds into AirAsia India by subscribing to a rights issue of at least INR3 billion rupees (USD40 million), the Indian conglomerate will start to deduct the payments due and convert them into equity...
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